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While Wall Street firms typically underwrite offerings in teams, the lead underwriter, or manager, of the offering has primary responsibility for selling the offering and reaps much of the fees and profit.

While Wall Street firms typically underwrite offerings in teams, the lead underwriter, or manager, of the offering has primary responsibility for selling the offering and reaps much of the fees and profit.


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Author introduction

Alex Berenson (born January 6, 1973) is a former reporter for The New York Times and the author of several thriller novels and a book on corporate financial filings.[2]



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