Bookrunner means what?

[Asphodeli]

I see these IPO and offer circulars and stuff ah, they always put some bank or financial institution as the bookrunner. So what does that mean ah? They offer then run off with the book?

 

[felixleong]

book runner is like bookie lor
take all the bets and pay out winnings hahaha

just kidding la

book runner helps take in orders, they get a cut

 

[Bedokian]

Usually in the prospectus they will state the underwriters and bookrunners. If you are interested in an IPO and happens that one of your brokerages is the underwriter/bookrunner, be thick skinned and ask your broker for placement.

 

[wondrdoggie]

It's just a distribution channel. Every product needs one or two ways of selling it. There is a sales comm for everything, whether or not they actually call it a comm. book runners get the right to sell the issues that's all but for very hot ipos like FB, they can decide who to allocate to

 

[lolita_5]

They are the facilitator of the listing of those companies. Companies need their advice and expertise in the markets

Sent from Samsung SM-A500G using GAGT

 

[Sinkie]

underwrite writes the ipo, arrange everything from roadshow to printing of propestus, then he can also be a placement agent or he can assign a brokerage to be a sub placement agent, then in a placement agent firm, there will be a main bookrunner, followed by many sub bookrunner

a book basically just mean an excel file which will record the placee name and its allocated qty and then will be consolidated by the sub placement agent main bookrunner, which is then submitted to the underwriter once it is finalised (white form, blue form, cash received) etc

so a bookmaker is someone who is running the book, going around asking people whether they are interested in the ipo placement etc

for example, the first ipo gccp, i am a sub bookmaker, u all wan the gccp ipo placement, can find me etc

 

[felixleong]

underwrite writes the ipo, arrange everything from roadshow to printing of propestus, then he can also be a placement agent or he can assign a brokerage to be a sub placement agent, then in a placement agent firm, there will be a main bookrunner, followed by many sub bookrunner

a book basically just mean an excel file which will record the placee name and its allocated qty and then will be consolidated by the sub placement agent main bookrunner, which is then submitted to the underwriter once it is finalised (white form, blue form, cash received) etc

so a bookmaker is someone who is running the book, going around asking people whether they are interested in the ipo placement etc

for example, the first ipo gccp, i am a sub bookmaker, u all wan the gccp ipo placement, can find me etc

very well explained~ nice

 

[wondrdoggie]

underwrite writes the ipo, arrange everything from roadshow to printing of propestus, then he can also be a placement agent or he can assign a brokerage to be a sub placement agent, then in a placement agent firm, there will be a main bookrunner, followed by many sub bookrunner

a book basically just mean an excel file which will record the placee name and its allocated qty and then will be consolidated by the sub placement agent main bookrunner, which is then submitted to the underwriter once it is finalised (white form, blue form, cash received) etc

so a bookmaker is someone who is running the book, going around asking people whether they are interested in the ipo placement etc

for example, the first ipo gccp, i am a sub bookmaker, u all wan the gccp ipo placement, can find me etc

Another important role of the underwriter is to defend the IPO price or certain price points. If price drops to the predefined price, they will step in to buy to prop up the price. Usually they can do this to a certain extent but it some rare cases, they can't.

 

[Sinkie]

Another important role of the underwriter is to defend the IPO price or certain price points. If price drops to the predefined price, they will step in to buy to prop up the price. Usually they can do this to a certain extent but it some rare cases, they can't.

Depends on underwriter arrangement one, sometime they will employ other bokerage to be stabiliser manager, sometime the owner of the listed company will arrange themselves to be stabiliser manager, sometime if no budget, then got no stabiliser manager one haha

 

[Asphodeli]

darn, i preferred the bookie definition, but too bad, it was not what i thought it was