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Underwriter
An investment bank that works with the Issuer to take it public.
What are the risks associated with UITs?
As with all investments, UITs carry risks, including market risk, interest rate risk, and the risk of issuer default, among others. The specific risks depend on the securities held by the UIT.
Quiet Period
In terms of an IPO, the period where an issuer is subject to a SEC ban on promotional publicity. The quiet period usually lasts either 40 or 90 days from the IPO. – Source: Investopedia.com
What is a price range and what does it mean?
The price range of an offering is usually in $2 increments ($18-$20 as an example). The Underwriters and Issuers believe the company is worth a price per share in this range. Institutional Investors place orders usually within this range, but ...
What is an IPO?
An Initial Public Offering (IPO) is the first time that the stock of a private company is offered to the public.