Which of the following activities of investment banking often leads to large speculative gains or losses during the first few hours of the sale of offering new shares of stock?

Question

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Initial public offerings (IPOs) are the first time that a company's shares are offered for public sale. This process often leads to large speculative gains or losses during the first few hours of trading due to the initial demand and supply of the shares. Investment banks underwrite and facilitate the sale of these shares, which can result in significant profits or losses depending on the success of the IPO.

Which of the Following Activities of Investment Banking Often Leads