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  • Monday, April 28, 2025
  • The Financial Encyclopedia
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Investment Banking

  Investment Banking   |   Terms
  • 1280
  • September 23, 2021
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Co-Manager

A secondary underwriter that is involved, along with other underwriters, in an initial public offering (IPO). An issuer may hire more than one underwriter when it decides to go public. Underwriters are selected through a process known as a bake-off. A company may select more than one underwriter for reasons related to showing more credibility. One a company selects an underwriter or more, it calls for an all-hands meeting.

A co-manager is also known as a co-underwriter.


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