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Underwriting

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Underwriting

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.
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  • December 3, 2017 at 12:13 pm #419919
    humai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    Sir, what is underwriting?

    December 3, 2017 at 1:47 pm #419927
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    When a company offers to the public the opportunity to buy shares on the occasion of the company converting to being a public company, it wants to guarantee that the offer will be successful

    So an underwriter, typically a merchant bank, will guarantee that if the public fails to make applications to buy all the shares that are on offer, the merchant bank promises to buy any that are not applied for

    So an underwriter is a guarantor of the success of the public offer

    OK?

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  • The topic ‘Underwriting’ is closed to new replies.

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