Usually,only the riskiest type of firms will offer securities to the general public through

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In a best-efforts arrangement, the underwriters agree to sell as much of the offering as possible but do not guarantee the sale of the entire issue. This arrangement is riskier for the issuer because there is no guarantee that all the securities will be sold, making it more appealing to riskier firms that might not be able to secure a firm commitment from underwriters.

Usually,only the Riskiest Type of Firms Will Offer Securities to the General