What does a lead broker on an Initial Public Offering (IPO) or new issue do?
For IPOs and new issues, the lead broker is normally the main underwriter of the offer. Their role is to administer the activity surrounding the bid, including issuing the offer document, organising the syndicate and dealing with the allocation and distribution of shares.
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No, but we recommend you do become one. It's free to join and it may make things easier for you as we can keep you informed about the latest share offers and market news.