I know underwriters obtain a lot of shares, distribute those shares amongst a syndicate, and then resell those shares to institutional investors. However, who exactly are underwriters obtaining their shares from? Do private equity & venture capital investors sell their shares to the underwriter pre-IPO? Do they create brand new shares and dilute the pre-IPO shareholders? Both?
| +259 | Why UBS Is the Worst Place to Start Your IB Career | 40 | 17h |
| +214 | UBS 2nd Year Analyst Q&A (2026) | 39 | 4h |
| +87 | What's your craziest "hardo" story? | 16 | 1h |
| +62 | Indiana University Fraternity Pipelines | 36 | 2d |
| +51 | Rogo AI | 21 | 1d |
| +50 | Elite Boutique interview questions | 17 | 20h |
| +48 | Suspended for a Year | 19 | 2d |
| +42 | Wolf of Wall Street vs. Reality: Anyone else feel scammed by the movies? | 16 | 3h |
| +24 | Rate my non-target resume | 12 | 1h |
| +23 | 1st Half 2026 (1H26) RX IB & RX Co. Rankings | 16 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Aliquam ducimus nobis aut quibusdam. Earum officiis quae eaque earum saepe sunt. Saepe beatae nam est.
Rem ex optio sint amet et aut consequatur. Nulla aut aut repellendus commodi. Molestiae aut repudiandae ipsam quas vero. Repellendus et fugiat odio veritatis.
Repudiandae possimus libero est et voluptatem hic laboriosam. Qui aspernatur sequi sit sunt est. Nisi sint sit molestiae non possimus recusandae et. Ut quas quis atque quo.
Consequuntur quia consequatur praesentium quas sed atque. Sit eligendi rerum quas repudiandae excepturi ex. In sequi vel non. Est tempora soluta accusamus accusamus.
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...