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Author Question: Which of the following best describes a firm commitment IPO? (Read 89 times)

Medesa

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on: Jul 9, 2019
Which of the following best describes a firm commitment IPO?
◦ The underwriter purchases the entire issue at a small discount and then resells it at the offer price.
◦ The underwriter sells new issues directly to the public in an online auction.
◦ The underwriter solicits bids from investors and chooses the highest price at which there is sufficient demand to sell the entire issue.
◦ The underwriter tries to sell the stock for the best possible price but does not guarantee that the stock will be sold.
Fundamentals of Corporate Finance ¦ Berk, DeMarzo, Harford ¦ 2nd Edition
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Marked as best answer by Medesa on Jul 9, 2019

coreycathey

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Reply #1 on: Jul 9, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Medesa

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Reply #2 on: Jul 9, 2019
Thank you!


coreycathey

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Reply #3 on: Jul 9, 2019
Always glad to help...


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