# Lead Underwriter

**IRI:** https://folio.openlegalstandard.org/R7NbFVMmNBqSIc3izA5Yf1N

## Labels

**Preferred Label:** Bookrunner

**Alternative Labels:**

- Arranger
- Lead Manager
- Managing Underwriter

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/RDVtW9pxx7DVUlXOsBrOUEO

**Deprecated:** False