Which of the following statements is correct?

A. In a best-efforts IPO, the underwriter guarantees that all stock will be sold.

B. The main advantages for a firm in going public are greater liquidity, better access to capital, and greater ability of investors to monitor the management of the firm.

C. A cash offer differs from a rights offer in that in the latter shares are offered to both existing shareholders and investors at large.

D. The announcement of an SEO usually raises a stock's price.

E. The firm commitment process is the most common practice for IPOs.