selling group

Selling group

All banks involved in selling or marketing a new issue of stock or bonds.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Selling Group

In an initial public offering or bond issue, a group of institutions who help the issuer place a new issue without necessarily participating in the underwriting group. This means they are not responsible for any unsold securities. The selling group therefore receives lower fees than the underwriters and is listed last on the tombstone. The specific agreement governing a selling group's duties in a new issue is called a selected dealer agreement.

More generally, a selling group may refer to all underwriters in a new issue, that is, every person and institution on the tombstone.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

selling group

A group of investment bankers that assists a syndicate or an underwriter in the sale of a new security issue but is not responsible for any unsold securities. Because members of a selling group do not assume the risk of syndicate members, their fees are correspondingly lower than the fees of the syndicate members. See also selected dealer agreement.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
The 40 million record selling group best known for smash hits 'Say What You Want' and 'Black Eyed Boy', will kick off the event in style on Thursday September 12, 2019, entertaining the thousands expected at the iconic Perthshire venue on the eve of the biggest event in women's golf.
3-time Grammy winner Pentatonix announces Manila concert !-- -- ( - July 16, 2019 - 4:44pm MANILA, Philippines Grammy Award-winning and multi-platinum selling group Pentatonix announced that they will be visiting Manila on Saturday, February 8, 2020, at the Araneta Coliseum for their upcoming tour "Pentatonix: The World Tour.
CastleOak Securities and Mischler Financial Group are selling group members.
At the ceremony, Deputy Minister of Industry and Trade Do Thang Hai appreciated the initiative of the Trade Promotion Agency in the process of negotiating and cooperating with Amazon Global Selling Group to support businesses in promoting exports, developing brand through e-commerce platform, bringing innovation in trade promotion.
Such issues also arise when an adviser or his affiliate is an issuer, underwriter or member of the selling group.
Beijing had banned its travel agencies from selling group tours to its citizens in protest at the deployment, which began in April, dealing a blow to tourism-related industries in South Korea.
Essa said it plans to enter into an agency agreement with a Canadian agent in respect of sales under the proposed offering, with a US placement agent being part of the selling group.
Talking to The Frontier Post, the interrogator said that both the accused were associated with Narcotics selling group.
The new requirements will apply to non-grandfathered group health plans, including non-grandfathered self-insured plans, and to insurers selling group and individual insurance coverage outside the exchange system, CMS says.
The multi-platinum selling group, who won BBC talent show When Will I Be Famous in 2007, have appeared at a host of major events, including BBC Proms in the Park and performed for showbiz royalty such as Sir Paul McCartney and Samuel L Jackson.
Christian Hutchison will focus on developing relationships in the independent broker-dealer and RIA channels in order to broaden the selling group for United Realty's broadening suite of alternative investment offerings.