Which of the following parties will likely benefit the most from the overpricing of a new, IPO common stock issue handled on a firm-commitment basis?

Question

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The issuing firm benefits the most from the overpricing of a new IPO common stock issue on a firm-commitment basis because it receives more funds from the sale of its shares than if the shares were priced lower. In a firm-commitment underwriting, the underwriter buys the shares from the issuer and then sells them to the public; if the shares are overpriced, the issuer still gets the agreed-upon higher price from the underwriter.

Which of the Following Parties Will Likely Benefit the Most