Which statement is NOT correct?

Question 9 options:

	The IPO refers to the sale of new shares to their first owners.
	During the liquidation, the harvesting of the investment value can be spread out over several years.
	Unicorns are expected to have high growth and high valuations.
	In underwriting, a "firm commitment" means the investment bank will purchase the unsold security and resell it.
	An LBO is a type of MBO and occurs when a firm is mainly bought by using debt.