Which of the Following Is NOT a Reason Why an IPO

Which of the following is NOT a reason why an IPO is attractive to the managers of a private company?

A) It gives access to much larger amounts of capital through the public markets in subsequent offerings.
B) It gives access to large amounts of capital in the IPO.
C) It reduces the complexity of requirements regulating the company's management.
D) It gives their private equity investors the opportunity to diversify.