Which one of the following is an underwriting of securities where the offer price is determined by investor bids?

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A Dutch auction is an underwriting of securities where the offer price is determined by investor bids. In a Dutch auction, the securities are offered at a high price, and the price is lowered until all securities are sold, with investors submitting bids at the price they are willing to pay. This method is often used in initial public offerings (IPOs) and can provide a fair market price for the securities being offered. Private placement is the sale of securities directly to a small number of investors, without a public offering. Best efforts underwriting involves the underwriter making their "best effort" to sell the securities, but does not guarantee a specific price or amount to be sold. The Green Shoe option is an over-allotment option for the underwriter to sell additional securities if demand exceeds the original offering.

Which One of the Following Is an Underwriting of Securities