In a firm commitment offering, any shares that are not sold are:
A)returned to the issuing corporation
B)listed in the over-the-counter market
C)transferred to treasury stock
D)owned by the members of the syndicate

Question

Quizplus · Accepted Answer

owned by the members of the syndicate. In a firm commitment the underwriter buys the securities from the issuing company. If they don't sell to the public, they are owned by the underwriters.

In a Firm Commitment Offering, Any Shares That Are Not