In most initial public offerings and secondary offerings there is more than one underwriter. The manager controlling the offering is called the lead manager and the other underwriters are co-managers. The names of the co-managers appear on the bottom of the front page of the prospectus, and the lead manager appears on the top left.
Most initial public offerings and secondary offerings have more than one underwriter. The manager controlling the offering is called the lead manager. Other underwriters are co-managers. The names of these underwriters appear on the bottom of the front page of the prospectus, with the most important manager appearing on the top left, and the co-managers arrayed from left to right in order of importance.
A co-manager is a managing underwriter appointed by the issuer to assist with the underwriting process. Often issuers appoint one or more firms to act as co-managers and one firm to act as lead manager.