To discourage flipping, some securities firms make ____ shares of future IPOs available to institutional investors that retain shares for a ____ period of time.

Question

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Securities firms often encourage long-term investments by offering more shares of future IPOs to institutional investors who agree to hold onto their shares for a longer period. This strategy discourages flipping, which is the practice of selling shares quickly for a profit.

To Discourage Flipping, Some Securities Firms Make ____ Shares of Future