Standby underwriter in economics and finance

Hello everyone! Have you ever wondered how companies ensure the success of their public offerings? Or how they manage to raise substantial capital in the market? Well, one of the key players in this process is the standby underwriter. In today's lesson, we'll explore what a standby underwriter is, their role in economics and finance, and provide some real-world examples to deepen our understanding. So, let's dive in!