In the early stages of an initial public offering a firm going public Select one: a. approaches an investment bank and forms the underwriting syndicate before shareholder approval is required for the initial public offering. b. the syndicate of underwriters will develop as a group of several underwriters with no one firm serving as a lead underwriter c. is required to receive approval from the Securities and Exchange Commission to go public before shareholders and management can produce a registration statement for the company's stock. d. will be subject to a thorough examination of the firm's financials and place in the market by the underwriting syndicate. e will often select the underwriting investment banks based on which investment banks ask to take the firm public