Question

Which of the following statements about IPOs is/are not correct? 1)It provides a company access to funds through the public capital market. 2)Companies issue IPOs to raise funds from the public and become publicly traded companies. 3)In a book-building issue, the exact price of the share is unknown, but investors are given a price band or range.

A 1 and 2 only
B 1 and 3 only
C 2 and 3 only
D 1, 2 and 3
E 3 only
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