underwriter
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

Popular Banking Terms

NRV
Class B shares
patent
seller's option
Index and Option Market
Depth of Market
set
debit card
pretax profit margin
Hammer