Which of the following statements is incorrect?

Group of answer choices

The Russell 2000 is often cited as an index of large cap common stocks.

One of the research findings about Initial Public Offerings (IPOs) is that IPO stocks generally skyrocket on their first day of trading, which suggests that they are underpriced at initial offering.

All the answers are correct except one.

Unlike the DJIA, each stocks importance in the S&P 500 index is based on relative market value instead of relative per-share price.

Primary markets involve investment bankers who specialize in selling new securities and they offer the issuer several services including advisory, underwriting, and marketing.