Trending Content - Investment Banking Forum
| +134 | Do people still want to go PE? | 39 | 3h |
| +108 | UBS Tech layoff | 48 | 6h |
| +95 | UBS’s M&A BANKERS ARE DOING TERRIBLY. $200M EXTRA IS BEING CUT | 22 | 6h |
| +44 | How do YOU manage networking requests? | 9 | 7h |
| +37 | Lazard hirevue | 11 | 2d |
| +37 | What Differentiates the Best Analysts as AI Improves? | 9 | 2d |
| +33 | MBB Pay Raises | 22 | 46m |
| +32 | Cornell Club T10 Rankings (UPDATED 10/2026) | 19 | 7h |
| +31 | Quitting After First 4 months | 11 | 2h |
| +30 | Are target prospects getting dumber? | 12 | 5h |
Career Resources
top clients at the underwriting bank are able to buy them. If a lot of clients want shares, then the clients that get shares are the ones who do the most business with them, buy a lot of the crappy IPOs they push out, etc.
And you can't just "sell the option to buy to others" - once you agree to buy shares you are locked in (or else it wouldn't be a primary market), often with restrictions on when you can sell the actual shares.
so a top client could be some sort of fund that buys from the underwriting bank often?
Usually only institutional clients get access, I believe.
Aperiam ea voluptatem doloremque dolore. Et iusto nobis dolores id quod aliquam aut quasi. Consequuntur odio voluptates exercitationem et voluptatibus mollitia quo aut.
Soluta quam ipsa aperiam sed dignissimos quod. Culpa enim qui maxime molestiae perspiciatis aut quasi. Voluptate unde ea nostrum mollitia.
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...