An IPO of a fiRm Formerly fiNanced by Venture Capital

An IPO of a firm formerly financed by venture capital is carried out for what primary purposes?

A) Insiders can sell their shares or cash out.
B) Generate cash to pay down bank indebtedness.
C) To establish a market value for the equity and provide funds for operations.
D) Firms financed by venture capital do not issue an IPO.
E) All of the above.