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
gross spread
net interest cost (NIC)
direct public offering (DPO)
undersubscribed
bought deal
See All Related Terms »

operational budget
management control system
thin market
Blue list
Department for Education and Skills