Jul 9, 2020 14:11
3 yrs ago
26 viewers *
French term

établissement introducteur

French to English Bus/Financial Investment / Securities
Complicated shareholders' agreement. The investors appear mainly to be State and regional authorities.

"5.5.        Introduction en Bourse de la Société
En cas d'Introduction en Bourse et sous réserve des dispositions légales et réglementaires alors en vigueur et/ou de toute demande différente émanant des autorités boursières ou des établissements introducteurs, les Investisseurs disposeront du droit de céder sur le marché des Titres au prorata du nombre de Titres de la Société qu’ils détiennent.
Le Fondateur devra avoir l’accord des Investisseurs sur le choix de l'établissement introducteur et des autres prestataires de services intervenant dans le cadre de l'opération."
Proposed translations (English)
3 Lead manager
4 +1 underwriter

Discussion

Francois Boye Jul 20, 2020:
Asker is biased, totally biased against me!

Proposed translations

20 hrs
Selected

Lead manager

I think Lead manager could be used here - see this article which outlines the various roles involved in an IPO

https://uk.practicallaw.thomsonreuters.com/1-550-3627?transi...
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4 KudoZ points awarded for this answer. Comment: "Thanks. Good reference."
+1
1 hr

underwriter

It is the underwriter that sells the IPO shares in the secondary market. But the new shares sold in the market are the issuing company's.

Underwriting

Once a corporation hires an investment bank, that firm becomes the underwriter for the company's initial public offering, or IPO. Underwriting involves placing an overall value on a business organization as well as acquiring shares at a discount to later be DISTRIBUTED IN THE PUBLIC MARKETS. Depending on the size of an IPO, it is not uncommon for multiple investment banks to underwrite the new issue, with one firm serving as the lead underwriter.

Source: https://finance.zacks.com/investment-bankers-organizations-p...



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Note added at 4 hrs (2020-07-09 19:07:42 GMT)
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The underwriter in a new stock offering serves as the intermediary between the company seeking to issue shares in an initial public offering (IPO) and investors. The underwriter helps the company prepare for the IPO, considering issues such as the amount of money sought to be raised, the type of securities to be issued, and the agreement between the underwriter and the company.

The underwriter creates a draft prospectus to take on a road show to potential institutional investors. The road show seeks to create excitement for the IPO and involves conferences given to investors around the country. After the road show, the underwriter and company determine of the final price for the IPO based on the orders received during the road show. Then, the syndicate allocates shares to investors. The final step is the first day of trading, when the investing public can first buy the stock on an exchange.

Source: Investopedia
Peer comment(s):

agree Daryo
9 hrs
Thanks!
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