Which of the following is true concerning the performance of Initial Public Offerings in the stock market?

Group of answer choices

The average first-day return of IPO offerings is 15%

An IPO is a secondary market transaction and the issuing firm does not receive the proceeds

In the financial life cycle, an IPO comes before venture capital funding

Companies generally issue secondary offerings before an IPO

On average, IPOs perform better then the overall market and peer companies over the long-term (3-5 years)

Which of the following is true regarding Venture Capital Financing?

Group of answer choices

Companies look for venture capital financing before looking for bank financing.

Venture Capital is less risky than publicly traded stock.

Venture Capital deals are low risk.

The exit for some Venture Capital transactions is an initial public offering.

Venture Capital is as risky as corporate bonds.