O'Reilly logo

Finance and the Good Society by Robert J. Shiller

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 4

Investment Bankers

Investment bankers are the people who help organizations sell new securities. In particular, they arrange for companies to issue shares to investors. If it is the first time the company has sold shares to the public, investment bankers help with what is called the initial public offering (IPO). If the company wants to raise yet more money by selling even more shares to the public, investment bankers help organize what is called a seasoned offering. Either way, the investment banker is facilitating the acquisition of capital by the company, dividing up the company into shares that appeal to investors, and helping manage risk.

Investment bankers, in their pure form, differ from conventional bankers in that they do not ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required