Series 6: 1.2.1.3.1. Selling Group Agreement

1.2.1.3.1. Selling Group Agreement

Prior to the public offering, the lead underwriter will usually collect indications of interest from institutional investors, resulting in most of the lead manager’s allocated shares being eventually sold to institutional investors. The other underwriters in the syndicate, in contrast, will often engage broker-dealers to help them sell shares of the offering to retail investors. These dealers are referred to as selected dealers or selling group dealers.

The selling group has no relationship with the i