Sentences with phrase «underwriting syndicate»
An underwriting syndicate refers to a group of investment firms or banks that collaboratively work together to sell a new security offering to potential investors. They help the issuing company by purchasing the securities and distributing them to the market. This syndicate helps to share the risks and responsibilities associated with the offering among its members. Full definition
Lloyd's is a society of underwriting syndicates called underwriters.
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But ordinarily, large institutions with connections to the underwriting syndicate are the only group allowed to buy those shares at the IPO price, and they flip them a few days later for a healthy profit.
Find out what brokers are in the underwriting syndicate.
On the retail side, generally you need an account with a broker that is part of the underwriting syndicate.
Investment banks are retained, sometimes in the form of an underwriting syndicate.
The removal of the FPR will mean increased participation in foreign equity underwritings by Canadian dealers for their retail distribution networks, but they will likely take a less lucrative and subordinate role in the underwriting syndicate than in domestic Canadian deals.
Short sales and over-allotments occur when the representatives, on behalf of the underwriting syndicate, sell more of our units than they purchase from us in this offering.
Simon's particular expertise is in acting for issuers and underwriting syndicates in public and private equity and debt financings involving real estate companies and REITs (domestic, cross-border and international), including initial public offerings.
Richard has frequently represented public companies and underwriting syndicates in securities fraud class action litigations, as well as both issuers and investment banking firms in a wide variety of other securities matters, including merger and acquisition litigations.
By the time of the certification hearing, the plaintiffs had reached two settlements covering all of the defendants except for those that comprised the underwriting syndicate for Zungui's IPO (including CIBC World Markets Inc., Canaccord Genuity Corp., GMP Securities LP and Mackie Research Capital Corporation — collectively, the «Underwriter Defendants»).