Which of the following statements is correct about IPO? 1. When an entrepreneur or a venture capitalist sell his stock holdings in an IPO, it is called a primary offering II. IPO underpricing is a wealth transfer from existing shareholders to new shareholders. III. A greenshoe option is an over-allotment option to provide price stability and liquidity in an IPO. 1. A firm commitment arrangement with an investment banker in an IPO occurs when the investment banker sells as much of the security as the market can bear without a price decrease. Select one: A. I and Ill only B. II and III only C. III and IV only D. II, III and IV only E. None of the choice combinations in A, B, C and D are correct