In this lesson, we’ll learn about the issuers that offer securities to the public and the underwriters who help them.

I. Underwritten Offerings

An issuer is any person who issues or proposes to issue a security. 

Issuers may decide to sell securities to the public in order to raise capital or to provide liquidity, that is, the opportunity to sell, for existing holders of their securities. Offering securities to the public typically takes place through the underwriting process, in which a...