Underwriter
A firm that brings out new securities issues, agreeing to purchase and resell them. Often a lead underwriter and several other underwriters will work together on a given issue.
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Underwriter - An Investment banker that sells new issues to the public.
Underwriting refers to when an insurance company selects and classifies their risk exposure.
Underwriter
A company or an individual who administers the public issuance and distribution of securities from an issuing body or the corporation
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Definition
Underwriter
Generally, an investment bank that guarantees prices on securities to corporations and bears the risk of selling the securities for a profit to the public.
RELATED TERMS ...
Underwriter
An investment banking firm committed to successful distribution of a public issue, failing which the firm would take the securities being offered (that is, buy) into its own books.
An underwriter or a Broker-dealer who trades with other broker-dealers, rather than with the Retail investor.
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Underwriter's warrants constitute a mode of compensation that may be granted to an underwriter by a company that issues stock.
The new underwriters include many more of the largest financial institutions in the world, including Bank of America Merrill Lynch, JPMorgan, Barclays Capital and Deutsche Bank Securities.
chartered life underwriter (CLU)
chartered property casualty underwriter (CPCU)
charterer ...
Eating Stock - Eating stock is a term used by investment companies and underwriters. When not enough buyers are found to purchase stock, the underwriter is forced to purchase the stock himself.
UNDERWRITER'S COUNSEL - An attorney or law firm retained to represent the interests of an underwriter in connection with the purchase of a new issue of municipal securities.
Underwriter
An investment banker who purchases shares of a company that is going public, then resells them to investors for a higher price. When an underwriter brings shares of a new company to market it is called an initial public offering (IPO).
Underwriter A financial firm (usually an investment bank) that buys new issues of securities from a company and resells them to investors. The underwriter takes on risk by assuring the proceeds of the sale for the issuing company.
Underwriter (see Underwriting)
Underwriting
An arrangement by which a company is guaranteed that an issue of shares will raise a given amount of cash. Underwriters undertake to subscribe for any of the issue not taken up by the public.
Underwriter The person that assesses and classifies the risk that a 1) proposed insured poses to an insurance contract, or 2) proposed borrower may pose for a loan offered by a financial institution based on the credit standards of that ...
Underwriter (Investment Banker)
An intermediary between the offering institution and the investing public, bringing the new issues to the market while charging the issuer a fee for the services provided.
Underwriter
The investment banking firm that brought the company public. (see Investment Banker)
Unlisted Stock ...
Underwriter Discount Underwriters buy the to be issued securities at a reduced (discounted) price. This discount is usually measured as a percent of the price of the issue.
Undiversifiable Risk See Market Risk.
underwriter " a firm, normally a brokerage, that agrees to buy the new issue of a company at a fixed discounted price, which they will then sell to the public at retail value ...
Underwriter's discount
See: Gross spread
Underwriting
Acting as the underwriter in the issue of new securities for a firm.
UNDERWRITER
Investment banker who singly as a member of an underwriting group or syndicate, agrees to purchase a new issue of securities from an issuer and distribute to investors, making a profit on the underwriting spread.
UNSYSTEMATIC RISK ...
Underwriter: An investment firm that purchases a security directly from its issuer for resale to other investment firms or the public or sells for such issuer to the public.
Underwriter - A company that purchases securities from an issuer to resell to the public.
Unlisted Security - Any security that does not trade on an organized exchange.
Underwriter
The individual or member of an underwriting group that has purchased this security from the issuer and is distributing it to investors.
Unit Investment Trust ...
Underwriter: In the securities business, a company that for a fee or other securities to market. The underwriter buys all or most of the issue, then resells it to investors.
Underwriter
Investment bankers who handle the offering of a new issue of securities. They buy all the securities from the issuer and distribute them to investors. They make a profit on the underwriting spread.
Underwriter (Investment Banker) - In a municipal underwriting, a brokerage firm or bank that acts as a conduit by taking the new issue from the municipality and reselling it. In a corporate offering, the underwriter must be a brokerage firm.
underwriter
The securities dealer who purchases a bond or note issue from an issuer and resells it to investors.
Underwriter: Refers to the investment banker who alone or as a member of an underwriting group or syndicate agrees to purchase a new issue of securities from an issuer and distribute them to its investors, ...
Underwriter : To assume risk of buying a new issue of securities from the issuing corporation or government entity and reselling it to the public.
Underwriter: An underwriter is the firm that agrees to buy an issue of securities on a given date and at a given price and who will then usually resell the securities through a distribution network.
Lead Underwriter
The brokerage house that is responsible for IPO.
Leveraged Buy Out ...
Underwriter prestige - Is the underwriter prestigious in role of lead manager? 1 for true, 0 otherwise.
Price range width - The width of the non-binding reference price range offered to potential customers during the roadshow.
Underwriter
A financial institution that assists in the issue of new securities by agreeing to purchase any unsold securities, thereby guaranteeing that they will be fully ...
Unrealized ...
Underwriters usually form an underwriting group--also called "purchase group" or a "syndicate" to limit risk, assure successful distribution of the issue, and to obtain capital to buy the issue.
Underwriter: brokerage house participating in an IPO.
Uptick: a stock trade executed at a higher price than the previous trade.
Uptrend: stock price is trending higher.
UNDERWRITER'S DISCOUNT. The commission paid to the underwriter out of the gross proceeds of an offering.
If underwriters believe that an IPO will be "hot", they'll first offer the stock to their favorite large institutional investors (i.e. Fidelity) and to active individual investors, who trade frequently.
The underwriters in consultation with the company decide on the basic terms and structure of the offering well before trading starts, including the percentage of shares going to institutions and to individual investors.
The underwriters may say, "You know, we want the stock to sell for $25 per share because that seems affordable so we are going to cut the company into 440,000 pieces, ...
lead underwriter A commercial or investment bank, with the primary responsibility of organizing... leaders The highest-performing securities over a given time period. Opposite of laggard.
An agreement an underwriter makes to act as an agent between an issuing company and investors.
Blitzkrieg Tender Offer ...
Chartered Life Underwriter (CLU)
This designation is issued by the American College, and those who hold it work mostly as insurance agents. The CLU designation is awarded to persons who complete a 10-course program of study and 20 hours of exams.
Agreement among underwriters: The contract that governs the syndicate members in a negotiated offering.
Agreement of limited partnership: The contract between the general partners and the limited partners that governs the limited partnership.
[ITDS] account or underwriting account An association of underwriters (headed by a manager or joint co-managers) formed in accordance with an agreement among underwriters for the purpose of purchasing an issue from an issuer and reoffering it or ...
Source: Cecile Gutscher, "SEC Is Examining Whether Some Underwriters Are Marketing Bonds at Artificially Low Yields", Wall Street Journal, 5/2/97).
(See initial public offering, new issue, underwriter) securities
See stock, bond Securities Act ...
The underwriter establishes the schedule for the issue, pricing of the stock, as well as the distribution of shares.
Letter of Intent - drafted between the issuing company and Investment Bank / underwriter.
Your prospectus is reviewed by investors, underwriter and market observers. Ideally, you might want to convince them with credible financial statements, your company's values and different things.
5.
One who arranges long-term financing by acting both as an underwriter and as an advisor.
Investment Company
Mutual funds, Closed-end companies, and other companies that are principally engaged in the business of investing the funds of shareholders.
An IPO is typically done through an underwriter who will act as the "sales" agent for the company. The deal may be structured through the employment of a single firm, or multiple. Typically, larger deals are underwritten by a syndicate.
For instance, the best effort contract mandates that the underwriter sells as much stock as possible at the agreed price. The all-or-none contract mandates that the investment bank sells the whole stock or the contract is considered void.
Eating stock- When an underwriter can`t find buyers for a Stock and therefore has to Buy them for his own account.
Elephants- Slang for large institutions that make trades in very high volumes.
Goldman Sachs (NYSE: GS ) is the lead underwriter and will handle 3.1 million of the share sales, followed by 625,000 shares passing through the hands of UBS and the rest being handled by a stable of smaller financial firms.
The investment banks become the underwriters of the deal: They buy the shares from the company and sell them to the public at a preset price. If an IPO goes well, the stock rises above its offer price on its first day of trading.
(pension funds and life Insurance companies) by the Lead underwriter of a Takeover that takes Place when the underwriter provides the target company`s shareholders with a Cash alternative for a target company`s Shares in Exchange for the bidding ...
Investment banker - Also known as an underwriter. The middleman between the corporation issuing new securities and the public.
The role of investment banks can vary depending on the arrangement between the issuer and the Underwriter. The services of the Investment Bank may include advisory as well as underwriting.
During this time, also known as the quiet period, investment bankers and underwriters aren't permitted to discuss the issue with the public.
 See also: Market, Issue, Investment, Offer, Share
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