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The merchant bankers appointed as lead managers to an IPO are referred to as book-running lead managers.
Depending on the size of the issue, a company can appoint more than one book-running lead manager for an IPO. The lead managers are the merchant bankers responsible for planning the entire IPO process.
If there is more than one lead manager for an IPO, their roles and responsibilities are set out in the offering document.
Topic: IPO Intermediaries Feedback
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