Based on your understanding of the involvement of investment banks in an IPO, complete the following sentences.

If the investment bank does not guarantee the sale of the securities$,$ the investment bank is working on

deal. Once the investment bank sells the securities$,$ investors must pay the bank within days. If the IPO involves a large amount, investment banks form to distribute and sell the securities$.$

After the SEC approves the registration statement for the IPO, the biggest responsibility for the issuing company and the investment bank becomes ensuring that the determined number of securities is sold and the firm is able to raise the intended amount. The IPO team$-$including the investment bankers, senior management team, lawyers, and investor relations team$-$conducts various activities.

Which of the following statements are true about the activities involved in the IPO process? Check all that apply.

If the investment bankers in the book$-$building process realize that the demand for the securities is low, they can either reduce the offering price or consider withdrawing the IPO.

During the roadshow, the IPO team can make forecasts and express their opinions about the projected value of the company after the IPO to lure institutional investors.

The IPO team goes on a roadshow, making presentations to institutional investors selected by the underwriter.

Issuing firms mostly allow underpricing of their IPO because the company wants to create excitement and have a successful IPO, which would help the company in future offerings.