ABC Company is fairly new but has outstanding, although still unproven, potential for growth in revenue; it has not as yet begun to produce profits. DEF Company is more mature, but lacks stability in its ability to deliver consistent levels of earnings, even though it produces relatively high levels of revenues. It usually, but does not always, reports positive levels of net income. GHI Company is mature, stable, produces high levels of revenue, and consistently reports positive net income. Based upon historical studies, if an IPO is undertaken for each of these companies, which IPO is most likely to be underpriced by its underwriters?

A) DEF

B) There is insufficient information to answer the question.

C) ABC

D) GHI