Who can participate in an IPO using the "traditional' book-building approach? A. The issuing firm decides who to prioritize in the IPO offering. 8. All investors, including retail investors, can participate on an equal basis. C. The underwriter gives preferences to its own clients, followed by other large institutional investors. Retail investors typically get lowest prionity D. All large institutional investors can participate on an equal basis, and they have a preference over retail investors