The bulk of most initial public offerings (IPOs)of equity securities go to ___________.

Name: The bulk of most initial public offerings (IPOs)of equity securities go to ___________.
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Institutional investors, such as pension funds, mutual funds, and hedge funds, typically have large amounts of capital to invest and are often the primary buyers in IPOs. They are able to purchase large blocks of shares and provide liquidity to the market, making them attractive to underwriters and issuers.

The Bulk of Most Initial Public Offerings (IPOs)of Equity Securities