Underwriting Syndicate Law and Legal Definition

Underwriting syndicate is a group of investment banks that work together to sell new security offerings to investors. The underwriting syndicate is led by the lead underwriter. Generally, it is a temporary group of underwriters and investment banks formed for marketing of a new bond or share (stock) issue that is too large for any single entity to handle. It is dissolved after completion of the sale of the securities. An underwriting syndicate is also called underwriting group.