ANZ 1.16% $29.71 anz group holdings limited

under 14, page-10

  1. 17,508 Posts.
    lightbulb Created with Sketch. 419
    Can some one simply explain how the underwriting agreement works?

    Is it in UBS' best interest to have a low average price?
    Do they pick up stock only if existing shareholders do not take up their entitlement?
 
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