Chapter 2: Activities of the Underwriting Syndicate Flashcards
1
Q
Agreement Among Underwriters
A
Describes the offering and identifies the lead underwriter.
2
Q
Underwriting Agreement
A
An agreement between the issuer and the lead underwriter.
3
Q
Types of Underwriting Commitments
A
Firm Commitment. Competitive Bid Commitment. Negotiated Underwriting. Standby Commitment. Best Efforts Commitment. All or Nothing Commitment.
4
Q
Lock Up Agreements
A
IPO - 180 days.
Follow On - 3 - 4 months.
5
Q
Regulation M
A
Prohibits an underwriter from inflating the post offering price of a security by buying up shares.
