问题 问答题

In relation to the Securities Law of China:

(b) explain the term underwriting with fi rm commitment for an initial public offer of securities; (2 marks)

答案

参考答案:

In accordance with Article BH of the Securities Law, underwriting with fi rm commitment for an initial public offer of securities refers to the way whereby the securities company (underwriter) purchases, pursuant to an agreement, all the securities to be issued by the issuer or whereby it purchases, as the underwriting period expires, all the securities that remain unsold.

单项选择题
单项选择题