Series 79 practice questioneasyIPO Process
During the IPO book-building process, which participant is responsible for collecting and recording indications of interest from institutional investors?
- AThe issuer's CFO
- BThe lead selling group member
- CThe book-running lead manager✓ Correct answer
- DThe exchange's listing committee
Explanation
Why C — The book-running lead manager
The book-running lead manager manages the book-building process and records investor interest. The CFO and selling group are not responsible for this function; the exchange handles listing, not allocations.
Turn it into reps
Reading one answer is not the same as being ready
Lucky the Banker is a free practice app with 995+ Series 79 questions, weak-area tracking, and timed mock exams. No credit card, no paywall.
Spot an error in this question or explanation? Tell us — we fix these fast.
Related Underwriting & New Financing questions
- If an IPO is oversubscribed, which of the following is primarily responsible for determining final share allocations to…
- A 10-million-share IPO includes a 15% green shoe. The underwriters overallot 11.5 million shares and the share price…
- Which statement best describes the eligibility requirements for a company to file on Form S-3?
- An affiliate of a reporting company wants to sell restricted shares under Rule 144. Which of the following is a…
- Which of the following is a key requirement for an auditor’s comfort letter provided in connection with a securities…
- Which SEC registration form should a newly public company use for its initial public offering?
- Which of the following is required before an affiliate of a reporting company can sell restricted securities under Rule…
- An underwriter’s investigation for due diligence purposes should include which of the following activities to establish…