Which of the Following Statements Is FALSE

Which of the following statements is FALSE?

A) Underwriters appear to use the information they acquire during the book-building stage to intentionally underprice the IPO, thereby reducing their exposure to losses.
B) The green shoe option restricts an underwriter to issue more stock at the IPO offer price.
C) The lead underwriter usually makes a market in the stock by matching buyers and sellers and assigns an analyst to cover it.
D) In most cases, the existing shareholders are subject to a 180-day lockup; they cannot sell their shares for 180 days after the IPO. Once the lockup period expires, they are free to sell their shares.