There are several different types of syndicates, including underwriting syndicates, banking syndicates and insurance syndicates.
Nov 28 2013 11:47 AM
Suppose we can consider, an underwriting syndicate is a group of investment banks that works together to issue new stock to the public. The bank that takes the lead in this endeavor is called the syndicate manager. Thirty days after the sale is complete, or if the securities cannot be sold at the offering price, then the syndicate will break up.