A group of investment banks that underwrites new securities offering is called a(n)

Name: A group of investment banks that underwrites new securities offering is called a(n)
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A group of investment banks that underwrites new securities offerings is commonly referred to as a syndicate. The syndicate members work together to spread the risk of the underwriting among themselves and to ensure that the securities are sold to investors.

A Group of Investment Banks That Underwrites New Securities Offering