Which ordering below best describe the level of responsibility for helping a firm conduct an IPO offering (ordering goes from most responsible to least responsible) ?
A) originating investment bank > underwriting syndicate > selling group
B) originating investment bank > selling group > underwriting syndicate
C) underwriting syndicate > originating investment bank > selling group
D) selling group > underwriting syndicate > originating investment bank
Correct Answer:
Verified
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