The firm commitment process is the most common practice for IPOs in Australia.

Name: The firm commitment process is the most common practice for IPOs in Australia.
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The firm commitment process is the most commonly used process for IPOs in Australia, where underwriters buy shares from the issuing company and then sell them to investors at a higher price. This provides a way for the issuing company to raise capital and ensures that the IPO will be fully subscribed.

The Firm Commitment Process Is the Most Common Practice for IPOs