I believe you are correct. The rest of the highli
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Posted On: 02/23/2019 4:20:02 PM
I believe you are correct. The rest of the highlighted part is also correct for a PO.
"The underwriter contacts large prospective buyers of stock, such as mutual funds and insurance companies who have large sums of money to invest."
The end result will be the same imo. What happens when there is more interest in buying from the large prospective buyers than there are shares in the offering? Won't they still buy because they are interested? Guess when and where they will buy.
Hint: open market.
"The underwriter contacts large prospective buyers of stock, such as mutual funds and insurance companies who have large sums of money to invest."
The end result will be the same imo. What happens when there is more interest in buying from the large prospective buyers than there are shares in the offering? Won't they still buy because they are interested? Guess when and where they will buy.
Hint: open market.
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