IPO Intelligence Glossary
A B C D E-F G H I-J K-L M-N O P Q R S T U V-Z
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Underwriter
This is a brokerage firm that raises money for companies using public
equity and debt markets. Underwriters are financial intermediaries
that buy stock or bonds from an issuer and then sell these securities
to the public. The process through which this is accomplished is
highly regulated by the SEC and the National Association of Securities
Dealers.
Unseasoned
One reason why IPOs are different from stocks in the broader market
indexes is that they lack a trading history, have a limited float
and have not developed long-term shareholders who are knowledgeable
about the company. For these reasons the stock is said to be unseasoned.
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