Published Date Jul 16, 2020

CNBC:  How IPOs give the ‘illusion of diversity’ with underwriters, while paying minority-owned firms less

Issuers often see this practice of adding MWVBEs to the syndicate as a “feel-good, check-the-box” idea, Citigroup Vice Chairman Raymond McGuire said last month in remarks at the Economic Club of New York. “But is it anything material? No,” McGuire said.


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By Brenna Moses

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