EBK PEARSON ETEXT PRINCIPLES OF MANAGER
EBK PEARSON ETEXT PRINCIPLES OF MANAGER
15th Edition
ISBN: 9780136846901
Author: SMART
Publisher: VST
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Chapter 2.4, Problem 2.14RQ
Summary Introduction

To discuss:

The role of an investment bank in a public offering and the underwriting syndicate.

Introduction:

An investment bank is a specialized financial institution that facilitates issue of new securities and advises firms on financial transactions. The partners of main investment bank who jointly shares the risk of underwriting is known as the underwriting syndicate.

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