DCM: Origination vs. Syndication
Hi everyone,
Could anyone explain the difference between Origination and Syndication? There seems to be some overlap, but my understanding of the two at the moment is as follows (and I'm unsure if I'm right):
It seems that origination pitch for deals, feed market updates to potential investors, but also play a part in price guidance. Apparently they also play a part in organising the roadshow and other marketing efforts.
From my understanding, syndicate teams also play a large role in the actual book-building process, taking orders from investors and liaise with the investor side more to assess the appetite.
A clearer explanation into what the two groups specifically do would be great!
Iure pariatur blanditiis corporis vel voluptatem. Omnis doloremque perspiciatis atque beatae commodi ut sit. Enim velit aliquid enim sapiente laudantium temporibus. Reprehenderit debitis adipisci eos non fugit. Et mollitia qui nihil itaque natus aliquam voluptas. Odio sed dolores culpa eaque atque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...