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Lead Underwriter
       
 
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Lead Underwriter

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Lead Underwriter
A investment bank or other financial outfit that has the primary directive for organizing an initial public stock offering, or a secondary offering for companies that are already publicly traded.
    
The lead underwriter Will usually work with other investment banks to establish a syndicate, and thereby create the initial sales force for the shares. These shares Will then be sold to institutional and retail clients.
    
The lead underwriter Will assess the company financials and current market conditions to arrive at the initial value and quantity of shares to be sold. These shares carry a hefty sales Commission (as much as 6-8%) for the Underwriting syndicate, with the majority of shares being held by the lead underwriter.
    
Underwriting refers to the process that a large financial service provider (bank, insurer, investment house) uses to assess the eligibility of a customer to receive their products like Equity capital, insurance, mortgage or credit to a cust.
Posted by  Institute for International Research
 
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