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Most IPOs are done on a "best effort" basis.

True

False.

IPOs generally have positive returns on the first day of trading.

True

False

What is an SEO?

	A.	This is an alternative way for a firm to issue stock on the public market for the first time.
	B.	This is when a public firm decides to offer more shares of stock to the public.
	C.	This is when a publicly traded firm decides to go private
	D.	This is when a publicly traded firm decides to issue stock only to its top investors.

Which of the following is a reason a firm may go from being publicly traded to being a private company?

	A.	Paying out dividends to shareholders is expensive
	B.	It is costly to prepare all the quarterly reports
	C.	The IPO process fails to generate enough interest from investors
	D.	All of the above are vaild reasons to take a firm private

BearKat Enterprises is a company that makes electric vehicles. They are investigating going public. An investment bank is helping them value their pre- IPO equity. Which of the following would be the best way to do this?

	A.	Count the number of visotrs to their website
	B.	Compare their financial ratios to Tesla
	C.	Compare their ROA to other manufacturers like Apple or Samsung
	D.	all of the above would be good ways

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