Bit of Wall St. news

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IPO.

Last seen on: NY Times Crossword 26 Mar 20, Thursday

Random information on the term “IPO”:

In investment banking, an underwriting contract is a contract between an underwriter and an issuer of securities.

The following types of underwriting contracts are most common:

Stand-by underwriting, also known as strict underwriting or old-fashioned underwriting is a form of stock insurance: the issuer contracts the underwriter for the latter to purchase the shares the issuer failed to sell under stockholders’ subscription and applications.

IPO on Wikipedia