A group of underwriters that agrees to purchase a new issue of stock from the issuer for sale to the public.

同意向发行人购买新股并向公众出售的承销商。

youdao

For a large company, an investment banker agrees to guarantee the purchase of a new stock issue at a set price.

对于一家大公司来说，投资银行往往同意保证以规定价格购买其新发行的股票。

youdao

New stock issue pricing is one of the most important part in the issuing process.

新股发行定价是新股发行的一个重要环节。

youdao

In May 2008, the broker, who worked for one of biggest and most well-known brokerage firms, recommended that my client buy a new issue of preferred stock issued by Fannie Mae.

FORBES: Magazine Article

In an unusual conference call with Apple investors on Thursday, Mr. Einhorn called on the technology company to issue a new type of preferred stock as a way of returning cash to yield-hungry investors.

WSJ: Judge Grants David Einhorn's Bid To Block Apple Proxy Vote

If nothing else, you should be skeptical of a tracking stock for the same reason you should be skeptical of any new issue: The issuer is going to be the most motivated to issue it when it can be sold for more than it's worth.

FORBES: Trick or Track?