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underwriting spread

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Financial Dictionary

Underwriting Spread

The spread between the amount underwriters pay an issuing company for its securities and the amount the underwriters receive from selling the securities in the public offering.

Investopedia Commentary

The size of the underwriting spread depends on the negotiations and competitive bidding amongst underwriters and the company itself. The spread increases as the risks involved with the issuance increase.

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See also: Flotation Cost, IPO, Primary Market, Public Offering Price, Takedown, Underwriting

Also spelled: under writing spread, underwriter spread

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Financial Dictionary

underwriting spread

See gross spread.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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