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Banking

Bookrunner

The underwriter (investment bank) that is in charge of, and has ultimate control on, an initial public offering (IPO). The...

Merchant Bank

In modern British parlance, it is an investment bank. However, a merchant bank initiated hundreds of years back as a...

Blind Pool Shell Company

A development stage company that states in its prospectus the industry in which capital will be invested, such as commercial...

Book Building

The process of marketing shares to, and gathering orders from, institutional investors in an equity market initial public offering (IPO)....

Breakup Fee

A large amount of money that is usually stipulated in a takeover agreement to be paid by a company to...

Bankrupt Shell Company

A public shell company that has been formed either through issuance of shares following a bankruptcy (these shares are publicly...

Blind Pool

An initial public offering (IPO) in which the issuing company doesn't disclose how it will use the offering proceeds. That...

Broken Initial Public Offering

An initial public offering (IPO) in which the security falls in price (i.e., sells below the IPO price) on the...

Comparable Multiple

A study of similar publicly traded companies that is conducted by an investment bank for the purpose of specifying the...

Co-Manager

A secondary underwriter that is involved, along with other underwriters, in an initial public offering (IPO). An issuer may hire...