Investment banking firms sell shares in their firms to individuals and invest the pooled proceeds in corporate and government securities.

Name: Investment banking firms sell shares in their firms to individuals and invest the pooled proceeds in corporate and government securities.
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Question

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Investment banking firms do not typically sell shares in their firms to individuals. Instead, they raise funds through underwriting offerings of securities for corporate and government clients.

Investment Banking Firms Sell Shares in Their Firms to Individuals