Question
The difference between an IPO and a secondary offering is that: a. shares may be repurposed by the underwriter in a secondary offering. b. the
The difference between an IPO and a secondary offering is that:
a. shares may be repurposed by the underwriter in a secondary offering.
b. the secondary offering does not incur direct costs.
c. venture capitalists fund the secondary offering.
d. additional, non-outstanding shares are issued in an IPO.
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
538482109, 1133711774, 538482389, 9780538482103, 9781133711773, 978-0538482387
