The group of banks and financial institutions that take part in the offering of one IPO, including the sponsors, coordinators, bookrunners and lead managers. The composition of the syndicate and each member's role are disclosed in the prospectus section on directors and parties involved in the global offering.
The links above lead to official sources such as HKEX and the SFC. The explanation on this site summarises them and may differ from the official definition; the official documents prevail.
This page explains the HK IPO term "Underwriting Syndicate" and links to related terms. Definitions are compiled from HKEX Practice Note 18 and the Listing Rules, for understanding subscription rules only — not investment advice.