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Topic

Underwriting syndicates

The tiered groups of banks (lead bookrunners, bookrunners and co-managers) that distribute shares in a public offering and share its fees.

Current clusters

invest3 publishers

Nscale assembles a 22-firm underwriting syndicate before setting a size for its NYSE offering

The London company's S-1 names three lead bookrunners, ten more bookrunners and nine co-managers. The share count and price range are still undetermined, so the size of the deal those 22 firms will sell is unknown.

Perspective Coverage

3 publishers
Builder
Builder 12%
Operator
Operator 23%
Investor
Investor 65%

Reality

Evidence72
Adoption63
Hype gap+24
Incentives84
Confidence70