Understanding the Role or Investment Banks and Underwriters in Security Offerings
This episode explains the essential role of underwriters, typically investment banks functioning as broker-dealers, in security offerings. It details how underwriters structure deals, decide on pricing, timing, and security type, manage risks via firm commitment or best efforts underwriting, and leverage networks to market securities to institutional or retail investors.
Additionally, it clarifies their earnings through underwriting spreads and regulated fees for advisory or management services.
Disclaimer: Joshua Wilson is a registered investment banking representative and a licensed real estate broker. The content of this podcast is for informational purposes only and should not be considered legal, financial, or compliance advice. This podcast is not a substitute for professional advice. All views and opinions expressed by the host and guests are their own and do not necessarily reflect the policies or positions of any regulatory agency, organization, or employer. Listeners are encouraged to consult their own compliance teams, legal counsel, or financial advisors to ensure adherence to applicable regulations, including SEC, FINRA, and other industry-specific requirements. This podcast does not constitute a solicitation or recommendation for any financial products or services.
