Invertext Online Technical Dictionary

underwriter

noun  

intermediario financiero

Definition 1

In the stock markets the entity that guarantees, alone or more usually within a consortium, the success of a flotation first by finding adequate counterparties prepared to buy the stock in question and, secondly, by agreeing to buy any unsold securities.

Source: Invertext


Context: The lead underwriter for the supply-chain software provider [SPS Commerce, which floated on Thursday 22 April 2010] was Thomas Weisel, a tech-focused broker-dealer.

Source: Financial Times 22/04/2010 (Telis Demos in New York)

Appears in the following subjects

Stock Markets