A more thorough explanation:

A syndicate is a group of people or organizations that come together to achieve a common business goal. They pool their resources, expertise, and knowledge to accomplish something that they couldn't do alone.

For example, a group of investment bankers may form a syndicate to underwrite and distribute new shares of a company. This means that they work together to buy and sell the shares, and share the profits and risks.

Another example of a syndicate is a group of publishers who come together to publish a book. They may each contribute money, editing, marketing, and distribution services to make the book a success.

These examples illustrate how a syndicate can be a powerful way to achieve a common goal. By working together, the members of a syndicate can leverage their strengths and resources to accomplish something that would be difficult or impossible to do alone.