Hello, when a public is about to go public and they are determining the IPO, the gol is of the firm is to get as much cash as possible. Considering the Dutch auction or the traditional underwriters method:

a) which one would be better to focus on getting most cash and raising more cash?

b) is there a particular way to know the optimal size of the IPO?

c) What are the advantages of increasing the size of the IPO? and the disadvantages?

d) When a firm has an employee stock purchase plan, and the company is going public; what employees should do? sell their share in the IPO at the offering price or retain their stock and sell it after the firm goes public? What suggestion would you do to the employees and why?