lead underwriter

lead underwriter
USA
lead manager, Also known as lead underwriter.
If there is more than one managing underwriter participating in a registered offering of securities, one (or sometimes more) of the managing underwriters is designated as the "lead" manager(s), with the other managing underwriters referred to as co-managers. The lead manager makes the chief decisions with respect to the structure, allocation, timing and pricing of the offering, as well as the preparation of the registration statement and the organization of the road show.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Lead Underwriter — A investment bank or other financial outfit that has the primary directive for organizing an initial public stock offering, or a secondary offering for companies that are already publicly traded. The lead underwriter will usually work with other… …   Investment dictionary

  • lead underwriter — The head of a syndicate of financial firms that are sponsoring an initial public offering of securities or a secondary offering of securities. Could also apply to bond issues. Bloomberg Financial Dictionary * * * lead underwriter UK US noun [C]… …   Financial and business terms

  • lead underwriter — /li:d ʌndəraɪtə/ noun an underwriting firm which organises the underwriting of a share issue (NOTE: The US term is managing underwriter.) …   Dictionary of banking and finance

  • lead manager — In the context of a bond issue, the lead manager is mandated by the bond issuer to arrange the transaction. Commonly will also be the bookrunner, that is, the bank which arranges the syndication. + lead manager / lead underwriter USA lead manager …   Law dictionary

  • Underwriter Syndicate — A temporary group of investment banks and broker dealers who come together to sell new offerings of equity or debt securities to investors. The underwriter syndicate is formed and led by the lead underwriter for a security issue. An underwriter… …   Investment dictionary

  • Lead manager — The commercial or investment bank with the primary responsibility for organizing syndicated bank credit or bond issue. The lead manager recruits additional lending or underwriting banks, negotiates terms of the issue with the issuer, and assesses …   Financial and business terms

  • lead manager — Subordinate to an arranger. Bloomberg Financial Dictionary * * * lead manage ˈlead ˌmanage verb [transitive] FINANCE to organize a syndicated loan (= a loan to one borrower by many lenders ) or aSecurities Issue …   Financial and business terms

  • underwriter — / ʌndəraɪtə/ noun a person or company that underwrites a share issue or an insurance COMMENT: When a major company flotation or share issue or loan is prepared, a group of companies (such as merchant banks) will form a syndicate to underwrite the …   Dictionary of banking and finance

  • lead manage — UK US (also lead manage) verb [T] FINANCE ► to manage the sale of new bonds or shares in a company or loans that several banks have joined together in making: »UBS is a leading underwriter of Eurobonds and was the first foreign bank in America to …   Financial and business terms

  • Lead Manager — Ein Konsortialgeschäft (engl. underwriting syndicate), ist ein meist von mehreren Banken, die alle als Underwriter fungieren, durchgeführtes Geschäft wie z. B. ein Börsengang (Emissionskonsortium). Inhaltsverzeichnis 1 Anwendung 2 Rechtsnatur 3… …   Deutsch Wikipedia

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