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.
Browse by Subjects
lock up period
See All Related Terms »
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):