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Which of the following statements regarding security issuance is correct? A. IPO long-term underperformance suggests that on average, IPO firms tend to perform worse than

Which of the following statements regarding security issuance is correct?

A.

IPO long-term underperformance suggests that on average, IPO firms tend to perform worse than comparable seasoned firms within five years.

B.

IPO short-run underpricing tends to be larger in the cold market than in the hot market.

C.

Firms typically conduct road shows for their SEOs.

D.

Rule 415 allows firms to issue registered shares within one year after firms register with the SEC.

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