What is the role of lead managers in an IPO
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The lead manager is part of the financial department whose key function is to issue new shares. Companies call for lead managers when they want to initiate and manage an IPO. The quality of skills and decision-making of the lead manager can lead to the success or failure of the entire shares issued. They are also known as Merchant Bankers or Book Running Lead Managers (BRLM). <br><br>The lead managers are extremely important in the IPO process and look after the entire process. They are crucial for preparing the registration statements, getting in touch with the required authorities.
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What is the role of lead managers in an IPO
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