Lead left runs the transaction. Other bookrunners don't do shit. That's the important difference.
That's accurate, especially in terms of work you will be doing as an analyst. The other bookrunners help underwrite the transaction to reduce the risk among bookrunners. Generally speaking there are usually more then 1 bookrunner and co-managers because corporates wants to spread the fees among all their banks to keep them happy so that they stick around for their next capital raising need. The farther right as a bookrunner you are the lower economics (fees) your firm will usually receive (to an extent).
Voluptas laudantium quisquam ratione. Quia ipsa sed dicta amet quas. Ut iure dicta itaque cumque tempora alias quis. Rerum dignissimos mollitia expedita molestias. Tempore non et cum quis.
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)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
interested
Lead left runs the transaction. Other bookrunners don't do shit. That's the important difference.
That's accurate, especially in terms of work you will be doing as an analyst. The other bookrunners help underwrite the transaction to reduce the risk among bookrunners. Generally speaking there are usually more then 1 bookrunner and co-managers because corporates wants to spread the fees among all their banks to keep them happy so that they stick around for their next capital raising need. The farther right as a bookrunner you are the lower economics (fees) your firm will usually receive (to an extent).
what do the co-managers do exactly?
@bananawhore nothing. seriously.
what fernando said. also, lead left is literally on the top left of the om, indicating theyre running the transaction
Thanks!
Voluptas laudantium quisquam ratione. Quia ipsa sed dicta amet quas. Ut iure dicta itaque cumque tempora alias quis. Rerum dignissimos mollitia expedita molestias. Tempore non et cum quis.
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...