承销团，即承销集团。对于一次发行量特别大的证券例如国债或者大宗股票发行，一家承销机构往往不愿意单独承担发行风险，这时就会组织一个承销集团，由多家机构共同担任承销人，这样每一家承销机构单独承担的风险就减少了。在我国，大宗股票和部分国债的发行也经常采用承销团形式。

承销团可以用“underwriting syndicate”或“underwriter syndicate”来表示。其英文释义如下：An underwriter syndicate is a group of investment banks and broker-dealers formed temporarily to sell new issues of a company's equity or debt to investors. The reason for an underwriter syndicate is to pool the resources of multiple firms when an issue is too large for one firm to take on. （From Investopedia）

一般来说，承销团的结构取决于发行规模、发行地区和上市地区的选择。当发行规模较小，且仅在一个国家发行、上市，那么仅选择该国家的一些承销商组成承销团就够了。当发行规模很大，并且在几个国家同时发行、上市时，那么就可能需要根据实际情况组成多个承销团。

以下为相关示例：

2004年，公司在一级市场担任了四家IPO项目的主承销商，新股发行家数并列第一，并成为八家企业债的承销团成员。

In 2004, in a market as the four lead underwriters for the IPO project, to issue new shares at home a few side by side in the first, and become a corporate debt of the eight members of the syndicate.

2017年11月2日，A向其首次公开发行股票的承销团发行认股权证，约定承销团可以以6.16美元/股的价格购买 80,000股A类普通股，上述认股权证将于2022年11月1日终止。截至2020年6月30日，承销团持有的认股权证已全部行权。

On November 2, 2017, A issued the warrants to the underwriting syndicate its IPO of stocks, under which the underwriting syndicate may purchase 80,000 shares of Class A common stock at the price of US$ 6.16 per share, and such warrants will expire on November 1, 2022. As of June 30, 2020, the warrants held by the underwriting syndicate were fully exercised.