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Finance Dictionary and Glossary of Investment Terms
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Definition 1.
The share of securities of each participating investment banker in a new or a secondary offering, or the price at which the securities are distributed to the different members of an underwriting group.
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Definition 2.
1. The price at which underwriters obtain securities to be offered to the public.2. The portion of securities that each investment banker will distribute in a secondary or initial pubic offering.
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