Identification
- Label (rdfs)
- Lead Underwriter
- Preferred Label
- Bookrunner
- Alternative Labels
- Arranger, Lead Manager, Managing Underwriter
- Identifier
- N/A
Definition and Examples
- Definition
- A bookrunner, also known as a lead underwriter or lead manager, is a financial institution or investment bank responsible for managing the issuance of new securities, such as bonds or stocks, in a public offering. The bookrunner coordinates the syndicate of underwriters, sets the price of the securities, and allocates them to investors, playing a crucial role in the success of the offering.