The firm commitment process is the most common practice for IPOs in the United States.

Name: The firm commitment process is the most common practice for IPOs in the United States.
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The firm commitment process is indeed the most common practice for IPOs in the United States, where the underwriters purchase the entire issue from the issuer and then sell it to the investors at a higher price, making a profit from the difference.

The Firm Commitment Process Is the Most Common Practice for IPOs