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Banking

Firm Commitment Underwriting

A public offering of securities whereby the underwriter pledges to purchase all securities offered by a company at a special...

Mezzanine Bracket

The members of an underwriting syndicate/ group (a list of underwriters) which plays a moderately important role (i.e., constituting the...

Flipper

An investor or trader who flips stocks. This involves buying shares, usually in an initial public offering (IPO), and selling...

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...

Co-Manager

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

Green Shoe

A provision in an initial public offering (IPO) underwriting agreement which entitles the underwriters to purchase more shares than specified...

Full-Service Investment Bank

An investment bank that engages in all types of activities, including trading, underwriting, merchant banking, merger and acquisition, securities services,...

Pot Securities

The portion of securities from a new public offering issue that are returned to the lead underwriter by syndicate members...

Pot

The portion of securities from a new public offering issue that are returned to the lead underwriter by syndicate members...

Pot Is Clean

An idiomatic phrase that is usually used by a lead underwriter to indicate that the securities of a new public...