I've always thought of underwriters of public offerings like realtors. They get a set fee structure negotiated pre the offering, to handle selling the product. I may be wrong. I haven't much experience in that area. Just pay attention to when share structure changes. Don't care how. I think price is determined threw advise of underwriter and wants/needs of the company. And the offering can stay in place till the company sells all or gives up. For all I know there may be a time limit contract restriction between company & underwriter. Just like selling real-estate. LOL
Check with BigBake1 he has a handle on FINRA filings info.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.