This terms refers to the group of underwriters formed to underwrite an IPO.
All banks involved in selling or marketing a new issue of stock or bonds.
Group of dealers appointed by the syndicate manager to market a new issue or secondary offering to the public.
A group of broker-dealers that assists in the distribution of a new issue of municipal securities. Selling group members are able to acquire new issue securities from the underwriting syndicate at a concession or dealer's allowance ( i.e., at a discount from the public offering price, which discount may be less than or equal to the total takedown) but do not participate in residual syndicate profits nor share any liability for any unsold balance. Compare: SYNDICATE. See: CONCESSION; SPREAD.
Members of the selling group are part of the syndicate, the group of underwriters formed to underwrite an IPO. Today, the term "selling group" is a bit of a misnomer because these underwriters usually get no actual shares to sell. The manager and co-managers reserve the actual selling of IPO shares (and the accompanying fees) to themselves. Selling group members are usually listed on the prospectus because they performed prior services to the company going public and get only a small portion of the fees from the offering. However, selling group members do share legal and financial risks of the underwriting.
A group of securities firms, acting as agents and receiving a concession, which help to distribute a new issue. Not members of the syndicate.
The securities firms who sell shares in an underwritten public offering, but not as members of the underwriting syndicate. They sign a selected dealer agreement and receive a selling concession for shares they sell.
This refers to the banks and other financial institutions brought together by a Syndicate manager to sell or market a new issue of securities to the public. Français: Groupe de vente Español: Sindicato de venta, sindicato de colocación
A group of broker dealers hired by the underwriters to act as their agent in order to sell a new issue. The selling group members must abide by the selected dealer agreement, which outlines the terms of the relationship with the underwriting group.
Investment dealers who assist a banking group in marketing a new issue of securities in order to obtain wide distribution. These dealers do not assume financial responsibility for the underwriting of the issue as the banking group does.
Member firms associated with the distribution of securities in an underwriting group who purchase securities from one or more of the underwriters and then resell them to their customers
a group of brokers or dealers formed by the syndicate manager to distribute a new issue (or a secondary offering) to the public
