An investment bank that acts as an intermediary between the issuing company and the investors who purchase the company's debt instruments and/or stock at the initial public offering (IPO). The underwriter buys the newly issued securities from the company and sells them to investors on the secondary market through a stock exchange. See Book Running Manager; Co-Underwriter; Lead Underwriter; primary market.
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lead manager
best effort
direct public offering (DPO)
Bond Market Association (BMA)
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middle price
market if touched (MIT)
accrued revenue