bookrunner

English

Etymology

From book +‎ runner.

Noun

bookrunner (plural bookrunners)

1. The main underwriter or manager in equity, debt, or hybrid securities issuances, who syndicates with other investment banks in order to lower the risk.
   • 2009 September 9, “Fairfax to raise $1B to reacquire Odyssey”, in Toronto Star‎^[1]:

     Fairfax said it had entered into an agreement with a syndicate of underwriters co-led by CIBC, which will be the sole bookrunner, Bank of America Merrill Lynch and Scotia Capital, for the $1 billion offering.