InvestmentBanking投資銀行業(yè)務

Investment Banking
    The activities of a firm when serving as intermediary between an issuer of securities and the investing pubic.
    Firm Commitment
    An arrangement whereby investment bankers purchase the new issue shares of a company outright for resale to the public.
    Best Efforts
    An arrangement whereby investment bankers, through options to purchase, agree to do their best to sell a new issue to the public.
    All or None
    An arrangement giving the investment bankers the right to cancel the agreement if a new issue is not fully subscribed.
    Syndicate
    Also called the purchase group. A group of underwriters that agrees to purchase a new issue of stock from the issuer for sale to the public.
    Selling Concession
    The discount given by the syndicate to members of the selling group.
    Stabilization
    Activities by an underwriter to support the offering price of a new issue stock in the aftermarket.
    Aftermarket
    The trading of a new issue stock after it has been fully subscribed. 投資銀行業(yè)務
    作為證券發(fā)行人和投資公眾中介的公司活動。
    包銷
    投資銀行購買某公司的全部新股向公眾出售的安排。
    代銷
    投資銀行同意通過購買期權盡努力向公眾出售新股的安排。
    整批委托
    賦予投資銀行在新股沒有完全被認購時取消協(xié)議的安排。
    辛迪加
    或稱為承銷團。同意向發(fā)行人購買新股并向公眾出售的承銷商。
    出售折扣
    辛迪加向出售團成員提供的折扣。
    穩(wěn)定化
    承銷商在后市市場支持新股招股價的行動。
    后市
    股票被完全認購后對新股的交易。