Which of the following is the most likely optimal allocation of shares to different investor types within an IPO?Which of the following is the most likely optimal allocation of shares to different investor types within an IPO?

A)A small allocation to hedge funds is optimal, to provide some liquidity following the IPO, without leading to significant downward price movements

B)A zero allocation to hedge funds is optimal as they often look to sell their allocation immediately after trading starts

C)A larger allocation to hedge funds is optimal as this is likely to provide greater liquidity once secondary market trading begins

D)An equal weight to hedge funds and to mutual and pension funds