Lead manager appointment requires issuers to consult appointed managers when selecting other intermediaries for an initial public offer. Lead manager appointment is mandatory for an initial public offer. The issuer must appoint one or more lead managers to the issue and appoint other ... Summary
Lead manager appointment requires issuers to consult appointed managers when selecting other intermediaries for an initial public offer.
Lead manager appointment is mandatory for an initial public offer. The issuer must appoint one or more lead managers to the issue and appoint other intermediaries in consultation with the lead manager or managers. Consultation with the lead manager is integral to selecting other intermediaries and supports the lead manager's coordinating role in the offering process.
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