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Accounting
Banking

Underwriter Syndicate

A group of investment banks that jointly underwrite the issuance of securities by a company. The syndicate pools the resources...

Allotment

The amount of initial public offering (IPO) securities that is allocated to each underwriter (if two underwriters or more are…

Piggyback Registration

A type of securities registration whereby an underwriter allows existing holders of shares in a company to register their shares…

Penalty Bid

A fee that is charged by an underwriter (bookrunner) when investors flip an initial public offering (IPO) issue (i.e., sell…

Backdoor Listing

A method of going public by merging with a public shell company. An unlisted company can become publicly traded through…

Effective Spread

The gross underwriting spread (gross spread) that is adjusted for the impact of a common stock initial public offering's announcement...

BB

It stands for bugle bracket; a slang term that denotes the largest global banks that operate in all regions and...

Bulge Bracket

A slang term that denotes the largest global banks that operate in all regions and offer all types of services...

Minor Bracket

The listing of the junior underwriters in a securities offering. The names of junior underwriters appear immediately under the names...

Major Bracket

The listing of the primary underwriters in a securities offering. The names of primary or major underwriters appear immediately under...