Series 7 - General Securities Representative Exam
Which of the following is not true of an IPO?
It helps the issuer raise capitalA
It is the first time an issuer sells stock to the public on an exchangeB
It is the only time the public is able to buy stock in the companyC
Companies must meet requirements by exchanges and the SEC to hold an initial public offeringD
The public can buy shares on the open market after the IPO. The other 3 selections are true of IPOs