The underbelly of an underwrite
ANALYSIS: A lot of money is raised on the secondary market, but parts of the process remain obscure.
Maybe there’s an upsell. As in: ‘Would Sir like a nice tie with the new suit?’, or ‘Can I interest you in a warranty for your new air fryer?’ or ‘How about an underwrite to keep your capital raise nice and tidy?’.
Or maybe customers just like a bit extra – the corporate equivalent of
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