A B C D E-F G H I-J K-L M-N O P Q R S T U V-Z

K-L
Lead Manager
This is the underwriter who has ultimate control of the offering. Other underwriters are called co-managers. The names of the managers appear on the bottom of the front page of the prospectus, with the lead manager's name in the uppermost left. The lead manager controls all aspects of the offering, including how many shares of stock the co-managers get to sell, the timing of the road show, and the ultimate pricing of the deal.

Lock Up Period
The lead underwriter restricts insiders from selling their shares for a period of time - usually 180 days. However, the lead underwriter has the option of lifting the lock-up period earlier. Knowledgeable investors track the termination of lock up periods, knowing that stocks may weaken at about the six-month mark.

 

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