Sentence examples for original underwriter from inspiring English sources
The only difference in the two securities was the original underwriter — one was underwritten by Merrill Lynch and the other by Citigroup.
As evidence of the chaos in the market, among Tuesday's auctions were two virtually identical securities (differing only in the original underwriter) that produced wildly different rates: one 7.98percentthethe other 5percentt.
The original underwriter of Citibank's policy was a division of Cigna.
Under the original rule, the underwriters were required to treat "all persons" fairly, which many took to mean they had only to charge a fair price to investors who bought a municipality's bonds – not to pay fair prices to the states and cities that issued the debt.
After peaking at $36, the shares, tickered AWE, slid below their original price of $29.50, forcing underwriters to buy some of them back on the open market.
The decision to pull the original offering lets UBS and Citigroup, the underwriters, off their obligation to buy unsold shares.
Morgan Stanley, Goldman Sachs Group Inc and Credit Suisse Ltd were the lead underwriters named on Groupon's original IPO filing on June 2.
While Tuesday's session provided no evidence either way, assertions made by defense lawyers of a secret contract transferring ownership of the artwork to a Lloyd's of London insurance underwriter indicated that the Triton Foundation, the original owner, had decided to cut its losses.
The firm could raise more if its underwriters trigger their ability to buy more shares at the original IPO price, which seems like a no-brainer, given Okta's strong first-day performance.
The firm could raise more if its underwriters trigger their ability to buy more shares at the original IPO price, which seems like a no-brainer, given Okta's strong first-day performance.
Industry analysts said it appeared that the decision this week by G.M. and its underwriters to bump up the stock's target price from the original $26 to $29 range had absorbed the usual first-day rise for an initial public offering.
