Glossary Background

Lead Underwriter

The lead underwriter is the financial institution responsible for overseeing and managing an Initial Public Offering (IPO) or Follow-on Public Offering (FPO) on the primary market. They play a crucial role in helping the company set the price of the shares, marketing the offering to potential investors, and ensuring regulatory compliance. The lead underwriter also helps assess market conditions and demand for the shares, as well as coordinates with other underwriters involved in the offering. Their main goal is to ensure the successful launch and smooth execution of the offering.