Which of the following is not one of the reasons that have been advanced for the high level of underpricing in the U.S.?

Name: Which of the following is not one of the reasons that have been advanced for the high level of underpricing in the U.S.?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The primary reasons often cited for the high level of underpricing in the U.S. include the threat of litigation, lowering the risk for the underwriter, and IPO spinning. Too much competition is not commonly advanced as a reason for underpricing.

Which of the Following Is Not One of the Reasons