same as lead underwriter
The firm or firms that head up an underwriting syndicate.
The leading firm in an underwriting group, which originates the deal and acts as an agent for the group.
An underwriter who works on behalf of a syndicate of underwriters to perform such functions as: dealing with the registrant; organizing the securities selling effort; or representing other underwriters in such areas as arranging the allotments of offered securities or appropriate stabilization activities.
The investment banking firm that leads and the underwriting syndicate for a public offering. The managing underwriter is listed on the left side of the prospectus or private placement memorandum.
The leading investment bank in an underwriting group.
In a public offering of securities, the firm that manages both the offering and the syndicate involved in its distribution
The investment banking firm that forms the underwriting syndicate and becomes the primary contact of the company (also referred to as the "lead underwriter").
The leading underwriter of the underwriting group. The managing underwriter is empowered to act as agent for the underwriting group, and is also known as the Syndicate Manager.
See syndicate manager.
Refers to an investment-banking firm of an underwriting group that is leading and originating the purchase and distribution of a new issue of securities. The agreement among underwriters authorizes the managing underwriter, or syndicate manager, to act as agent for the group in purchasing, carrying and distributing the issue as well as complying with all federal and state legal requirements. The agreement also authorizes the managing underwriter to form the selling group, determine the allocation of securities to each member, make sales to the selling group at a specified discount (concession) from the public offering price, engage in open market transactions during the underwriting period to stabilize the market price of the security, and borrow for the syndicate account to cover costs.