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7 When talking about the IPO process, what is a Red herring and why do they call it that? When underwriting an IPO, does the

7

  1. When talking about the IPO process, what is a Red herring and why do they call it that?
  2. When underwriting an IPO, does the investment bank just promote the stock or do they also agree to purchase it as a particular price.
  3. What are Pink Sheets and what market do they reside in? Find me a link that lists a stock traded like this, or an article where someone is trying to convince you to buy this stock because it will go up.
  4. What are the pros and cons of investing in international security markets.
  5. Describe indirect and direct ways a US based investor can invest in international securities.

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