Book Runner

In finance, the term “book runner” or “bookrunner” denotes the service provider responsible for the initial issuance of a specific security and the recording of sales.

A book runner may be solely responsible for a new issue, or it may form part of a group of underwriters (a syndicate). When a new security is issued by a syndicate, the term “lead-left bookrunner” is use to reference the service provider which played the lead role in issuing the security.

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