Syndicate
Categories: Entrepreneur, IPO
When a company wants to make an offering, they need underwriters to handle all the details. A syndicate is group of underwriters assembled to handle jobs (issues) too big for one underwriter alone. Like the Avengers of finance—only less cool and more nerdy. Actually, a lot of the Avengers are pretty nerdy, so strike that last one.
Syndicates usually consist of a lead underwriter (like Captain America), investment banks, and smaller broker/dealers.