{"id":29742,"date":"2023-12-07T08:38:17","date_gmt":"2023-12-07T08:38:17","guid":{"rendered":"https:\/\/masterskills.org\/blog\/nguoi-dung-so-book-runner-la-ai-dac-diem.html"},"modified":"2023-12-23T06:10:23","modified_gmt":"2023-12-22T23:10:23","slug":"nguoi-dung-so-book-runner-la-ai-dac-diem","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/nguoi-dung-so-book-runner-la-ai-dac-diem.html","title":{"rendered":"Ng\u01b0\u1eddi d\u1ef1ng s\u1ed5 (Book runner) l\u00e0 ai? \u0110\u1eb7c \u0111i\u1ec3m"},"content":{"rendered":"
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\u1ea2nh minh h\u1ecda. Ngu\u1ed3n: Investopedia.<\/p>\n<\/div>\n<\/div>\n

Ng\u01b0\u1eddi d\u1ef1ng s\u1ed5 <\/font><\/b><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

Ng\u01b0\u1eddi d\u1ef1ng s\u1ed5<\/b> ti\u1ebfng Anh l\u00e0 Book runner.<\/b><\/p>\n

Ng\u01b0\u1eddi d\u1ef1ng s\u1ed5 <\/b>l\u00e0 ng\u01b0\u1eddi b\u1ea3o l\u00e3nh ch\u00ednh ho\u1eb7c \u0111i\u1ec1u ph\u1ed1i vi\u00ean ch\u00ednh trong vi\u1ec7c ph\u00e1t h\u00e0nh v\u1ed1n c\u1ed5 ph\u1ea7n, n\u1ee3 ho\u1eb7c c\u00f4ng c\u1ee5 ch\u1ee9ng kho\u00e1n m\u1edbi. Ng\u01b0\u1eddi d\u1ef1ng s\u1ed5 l\u00e0 c\u00f4ng ty b\u1ea3o l\u00e3nh ph\u00e1t h\u00e0nh ch\u00ednh \u0111i\u1ec1u h\u00e0nh ho\u1eb7c ph\u1ee5 tr\u00e1ch s\u1ed5 s\u00e1ch trong l\u0129nh v\u1ef1c ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01b0.\u00a0<\/p>\n

Ng\u01b0\u1eddi d\u1ef1ng s\u1ed5 c\u0169ng c\u00f3 th\u1ec3 ph\u1ed1i h\u1ee3p v\u1edbi nh\u1eefng ng\u01b0\u1eddi kh\u00e1c \u0111\u1ec3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro c\u1ee7a h\u1ecd, v\u00ed d\u1ee5 nh\u01b0 nh\u1eefng ng\u01b0\u1eddi \u0111\u1ea1i di\u1ec7n cho c\u00e1c c\u00f4ng ty\u00a0mua th\u00f4n t\u00ednh b\u1eb1ng v\u1ed1n vay\u00a0(LBO). <\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a Ng\u01b0\u1eddi d\u1ef1ng s\u1ed5<\/font><\/b><\/h3>\n

Ng\u01b0\u1eddi d\u1ef1ng s\u1ed5 l\u00e0 nh\u00e0 b\u1ea3o l\u00e3nh ch\u00ednh tham gia v\u00e0o c\u00e1c h\u00ecnh th\u1ee9c kh\u00e1c nhau c\u1ee7a ng\u00e0nh t\u00e0i ch\u00ednh bao g\u1ed3m\u00a0Ph\u00e1t h\u00e0nh c\u00f4ng khai l\u1ea7n \u0111\u1ea7u\u00a0(IPO) v\u00e0 Mua th\u00f4n t\u00ednh b\u1eb1ng v\u1ed1n vay (LBO). Do \u0111\u00f3, h\u1ecd c\u0169ng \u0111\u01b0\u1ee3c bi\u1ebft \u0111\u1ebfn trong ng\u00e0nh l\u00e0 ng\u01b0\u1eddi thu x\u1ebfp ho\u1eb7c qu\u1ea3n l\u00ed ch\u00ednh.\u00a0<\/p>\n

V\u1edbi IPO, ng\u01b0\u1eddi d\u1ef1ng s\u1ed5 \u0111\u00e1nh gi\u00e1 t\u00e0i ch\u00ednh c\u1ee7a c\u00f4ng ty v\u00e0 \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i \u0111\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c gi\u00e1 tr\u1ecb ban \u0111\u1ea7u v\u00e0 s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu s\u1ebd \u0111\u01b0\u1ee3c b\u00e1n cho c\u00e1c b\u00ean t\u01b0 nh\u00e2n. M\u1eb7c d\u00f9 th\u01b0\u1eddng \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n trong qu\u00e1 tr\u00ecnh IPO, nh\u01b0ng ng\u01b0\u1eddi d\u1ef1ng s\u1ed5 c\u0169ng c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n vi\u1ec7c n\u00e0y th\u00f4ng qua qu\u00e1 tr\u00ecnh ch\u00e0o b\u00e1n th\u00eam c\u1ed5 phi\u1ebfu ra th\u1ecb tr\u01b0\u1eddng.<\/p>\n

\u0110\u1ec3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro, ng\u01b0\u1eddi d\u1ef1ng s\u1ed5 h\u1ee3p t\u00e1c v\u1edbi c\u00e1c c\u00f4ng ty b\u1ea3o l\u00e3nh ph\u00e1t h\u00e0nh kh\u00e1c \u0111\u1ec3 ph\u00e1t h\u00e0nh v\u1ed1n c\u1ed5 ph\u1ea7n, n\u1ee3 ho\u1eb7c ch\u1ee9ng kho\u00e1n m\u1edbi. \u0110i\u1ec1u n\u00e0y kh\u00e1 ph\u1ed5 bi\u1ebfn trong ng\u00e0nh ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01b0 v\u00e0 l\u00e0 ph\u01b0\u01a1ng \u00e1n thu x\u1ebfp t\u1ea1m th\u1eddi gi\u1eefa c\u00e1c th\u1ef1c th\u1ec3.\u00a0<\/p>\n

Ng\u01b0\u1eddi d\u1ef1ng s\u1ed5 \u0111\u00f3ng vai tr\u00f2 l\u00e0 ng\u01b0\u1eddi b\u1ea3o l\u00e3nh ch\u00ednh, l\u00e0m vi\u1ec7c v\u1edbi c\u00e1c ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01b0 kh\u00e1c \u0111\u1ec3 th\u00e0nh l\u1eadp m\u1ed9t t\u1ed5 ch\u1ee9c b\u1ea3o l\u00e3nh ph\u00e1t h\u00e0nh, t\u1eeb \u0111\u00f3 t\u1ea1o ra l\u1ef1c l\u01b0\u1ee3ng b\u00e1n h\u00e0ng ban \u0111\u1ea7u cho c\u1ed5 phi\u1ebfu. Nh\u1eefng c\u1ed5 phi\u1ebfu n\u00e0y sau \u0111\u00f3 \u0111\u01b0\u1ee3c b\u00e1n cho c\u00e1c kh\u00e1ch h\u00e0ng t\u1ed5 ch\u1ee9c v\u00e0 b\u00e1n l\u1ebb. Nh\u1eefng c\u1ed5 phi\u1ebfu m\u1edbi n\u00e0y mang m\u1ed9t kho\u1ea3n hoa h\u1ed3ng kh\u1ed5ng l\u1ed3, t\u1eeb 6% \u0111\u1ebfn 8% cho c\u00e1c t\u1ed5 ch\u1ee9c b\u1ea3o l\u00e3nh ph\u00e1t h\u00e0nh, v\u1edbi ph\u1ea7n l\u1edbn c\u1ed5 ph\u1ea7n \u0111\u01b0\u1ee3c n\u1eafm gi\u1eef b\u1edfi c\u00e1c nh\u00e0 b\u1ea3o l\u00e3nh ch\u00ednh.<\/p>\n

Ng\u01b0\u1eddi d\u1ef1ng s\u1ed5 ch\u00ednh (lead-left book runner) c\u00f2n \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 qu\u1ea3n l\u00ed b\u1ea3o l\u00e3nh ph\u00e1t h\u00e0nh ho\u1eb7c qu\u1ea3n l\u00ed t\u1ed5 ch\u1ee9c, \u0111\u01b0\u1ee3c li\u1ec7t k\u00ea \u0111\u1ea7u ti\u00ean trong s\u1ed1 c\u00e1c nh\u00e0 b\u1ea3o l\u00e3nh tham gia ph\u00e1t h\u00e0nh. Ng\u01b0\u1eddi d\u1ef1ng s\u1ed5 ch\u00ednh \u0111\u00f3ng vai tr\u00f2 quan tr\u1ecdng nh\u1ea5t trong giao d\u1ecbch v\u00e0 th\u01b0\u1eddng s\u1ebd giao n\u1ed9i dung m\u1edbi cho c\u00e1c c\u00f4ng ty b\u1ea3o l\u00e3nh ph\u00e1t h\u00e0nh kh\u00e1c \u0111\u1ec3 gi\u1eef v\u1ecb tr\u00ed trong khi v\u1eabn gi\u1eef ph\u1ea7n quan tr\u1ecdng nh\u1ea5t cho m\u00ecnh. T\u00ean ng\u01b0\u1eddi d\u1ef1ng s\u1ed5 ch\u00ednh c\u0169ng l\u00e0 ng\u00e2n h\u00e0ng \u0111\u1ea7u ti\u00ean \u0111\u01b0\u1ee3c li\u1ec7t k\u00ea tr\u00ean b\u1ea3n c\u00e1o b\u1ea1ch, \u1edf g\u00f3c tr\u00ean b\u00ean tr\u00e1i, do v\u1eady ti\u1ebfng Anh \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 “lead-left”.<\/p>\n

Ng\u01b0\u1eddi d\u1ef1ng s\u1ed5 ch\u00ednh c\u0169ng l\u00e0m vi\u1ec7c v\u1edbi c\u00e1c kho\u1ea3n mua th\u00f4n t\u00ednh b\u1eb1ng v\u1ed1n vay, th\u01b0\u1eddng li\u00ean quan \u0111\u1ebfn nhi\u1ec1u doanh nghi\u1ec7p. LBO di\u1ec5n ra khi m\u1ed9t c\u00f4ng ty th\u1ef1c hi\u1ec7n mua l\u1ea1i b\u1eb1ng c\u00e1ch s\u1eed d\u1ee5ng v\u1ed1n vay. Trong nh\u1eefng tr\u01b0\u1eddng h\u1ee3p n\u00e0y, ng\u01b0\u1eddi d\u1ef1ng s\u1ed5 \u0111\u1ea1i di\u1ec7n cho m\u1ed9t trong nh\u1eefng c\u00f4ng ty tham gia v\u00e0 ph\u1ed1i h\u1ee3p v\u1edbi c\u00e1c c\u00f4ng ty tham gia kh\u00e1c. <\/p>\n

(Theo\u00a0Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n Ng\u01b0\u1eddi d\u1ef1ng s\u1ed5 (ti\u1ebfng Anh: Book runner) l\u00e0 ng\u01b0\u1eddi b\u1ea3o l\u00e3nh ch\u00ednh ho\u1eb7c \u0111i\u1ec1u ph\u1ed1i vi\u00ean ch\u00ednh trong vi\u1ec7c ph\u00e1t h\u00e0nh v\u1ed1n c\u1ed5 ph\u1ea7n, n\u1ee3 ho\u1eb7c c\u00f4ng c\u1ee5 ch\u1ee9ng kho\u00e1n m\u1edbi.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/29742"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=29742"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/29742\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=29742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=29742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=29742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}