HKSI LE Paper 15 Practice Questions - HKSI Licensing Examination Paper 15 - Sponsors (Principals) Exam

In a typical IPO syndicate, what is the main role of the underwriters?

To vet the listing application on behalf of the SEHK To agree to subscribe for or procure subscribers for the shares not taken up, bearing placing risk To act as the company's auditor To provide the legal opinion on the prospectus

Correct Answer:

To agree to subscribe for or procure subscribers for the shares not taken up, bearing placing risk

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