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. The underwriter selects institutional clients and takes the IPO team on a roadshow to make presentations to these clients across different cities. 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 divulge additional information to institutional investors that is not given in the registration statement to lure the institutional investors. If investors are willing to purchase more shares than are available, the IPO is considered to be oversubscribed