InMed Pharmaceuticals Inc (INM): Roth is simply one of the underwriters i...

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Re: Bobin post# 9739

Monday, 11/16/2020 11:04:32 AM

Monday, November 16, 2020 11:04:32 AM

Roth is simply one of the underwriters in the IPO. They work to determine the initial price of the IPO, purchase from the issuer (this case IN) and then immediately sell as part of the IPO to the interested investors. In this case they'll make a quick buck on what is mostly admin work.

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