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Lead Underwriter
An investment or commercial bank with the primary directive for organizing stock offerings, IPO or secondary offers. Lead underwriter will usually try to establish a syndicate with another lending organizations or underwriters and thereby improve selling forces for a given issue.
If the market shows great demand for the issuing shares, lead underwriter can collect a large profit, but at substantial risk. Because of that, lead underwriters are trying to conduct as many different offerings as possible.
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