Series 50: Forming The Syndicate: Syndicate Letter

Taken from our Series 50 Online Guide

Forming the Syndicate: Syndicate Letter

To get the broadest possible view of the market and reach the maximum number of prospective bidders, underwriters will form a syndicate prior to securing the bid. Once the team is selected, the lead underwriter will draft a syndicate letter. This letter describes the obligations of each member, the share of the members’ participa

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