bookrunner
/ˈbʊkˌrʌn.ə/ IELTSAcademic
noun
A bookrunner is a bank or financial firm that leads a new share or bond sale. It organizes the deal, gathers buyers, and often shares the work with other firms.
- The bookrunner set the price for the share issue.
- Our bank acted as bookrunner for the bond sale.
Adinary Nuance
A bookrunner is not the same as an underwriter, although one firm can do both jobs. The bookrunner mainly leads the sale and collects investor demand. In everyday writing, people also say lead manager or lead bank, but bookrunner is the more precise market term.
In other languages
- Vietnamese
- ngân hàng chủ trì
- Spanish
- banco coordinador
- Chinese
- 牵头承销商
- Japanese
- 主幹事
- Korean
- 주간사
Etymology
Bookrunner is a modern financial term from English. It comes from the idea of keeping the 'book' of orders and running the sale process.
Common phrases
bookrunner for a dealjoint bookrunnersole bookrunnerlead bookrunner
Synonyms
Related words
Frequently asked questions
- Is bookrunner used in business writing?
- Yes. It is common in finance, banking, and company fundraising reports.
- What is the difference between bookrunner and underwriter?
- A bookrunner leads the sale process. An underwriter helps guarantee or buy the securities.
- Is bookrunner a common everyday word?
- No. It is mostly used in financial and business contexts.