UK issuing house
a financial institution (usually a merchant bank) that issues shares of stock on behalf of a company that wants to become public The issuing house was active in turning small and medium sized firms into public companies.
- They are the issuing house to the rights issue.
- The issuing house will arrange for the issue to be underwritten by financial institutions.
- The function of the issuing house is to manage the issue and render advice.
- The bank acted as the issuing house for the public offer.
- An issuing house also makes sure that all regulations are followed when these issues are listed on the stock exchange.