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

The underwriter's profit or compensation in an initial public offering (IPO). It is equal to the difference between the offering...

The fee that an underwriter earns from underwriting a security (e.g., equity offering). The underwriter discount is the difference between...

The fee that an underwriter earns from underwriting a security (e.g., equity offering). The gross spread is the difference between...