IPO-what is the role of the Lead Manager in the IPO?
Su asks:
The role of Lead Manager only pls….the responsibilities…or if someone can guide me to a website where i can get the answer to this question.
The role of Lead Manager only pls….the responsibilities…or if someone can guide me to a website where i can get the answer to this question.
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Lead underwriter - the investment bank in charge of setting the offering price of an IPO and allocating shares to other members of the syndicate. Also called lead manager. Most IPOs are made through investment banking firms that act as ‘‘firm commitment’’ underwriters for the company’s stock, which means that the company does not sell shares to the public directly but rather sells the shares to the underwriters at a negotiated discount to the price at which the shares
will be offered to the public. The underwriters then resell the shares to dealers and to their institutional and retail customers.
Click on the 1st link for a full write-up on GUIDE TO THE INITIAL PUBLIC OFFERING. Another website for The Role of IPO Underwriting Syndicates can be found at the 2nd link.