1. Which of the following statements about IPO is correct?

1. Prospectus is also called the red herring.
2. Given the same IPO price, the higher the close price of the first day, the higher the money left on the table is.
3. The gross proceed is the actual amount of money the firm gets through IPO.
4. If the IPO has Greenshoe provision, the underwriters must use the Greenshoe provision to buy more share of the IPO stock.