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Also, new firms that have only been buying competitive deals are looking to spread their wings into the wonderful world of negotiated underwriting. They are out there from boutiques to major name firms, from analysts to heads of public finance and practice group leaders. So, who will do them if they do not continue hiring?
The name “bulge bracket” (BB) comes from the prospectus for an IPO or debt issuance, which lists all the banks underwriting the deal. Bulge Bracket Banks vs Boutique, Middle Market, and Elite Boutique Banks In addition to the bulge bracket banks, there are other categories: middle market banks , regional boutiques , and elite boutiques.
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