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Book runner

• The managing underwriter for a new issue. The book runner maintains the book of securities sold.

• Refers to the lead or managing underwriter who runs or maintains the books for the transaction. Often, this underwriter is given total credit for the size of the deal in some metrics. Here, the total value of the deal would be credited to that underwriter as if they solely did the deal. Of course, other parties would receive their remuneration.

 
 Embedded terms in definition
 Books
Book
Credit
Issue
Lead
New issue
Securities
Size
Underwriter
 
 Related Terms
 

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