What is the major reason that underwriters tend to offer stocks in an initial public offering (IPO) at a price that is below that which the market will pay? Question content area bottom Part 1 A. to increase their spread B. to benefit from greenshoe provisions C. to reduce their exposure to losses from unsold stock D. to gain from the rise in value of any stocks they hold after the IPO E. The market price is unknown until after the IPO