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During equity share issuance, especially the Initial Public Offerings (IPOs), lead underwriters generally
A. go on a roadshow to build an order book which helps price the equity issue
B. pay a spread of 7% to the issuing firm
C. pass the risk of unsold shares back to the issuing firm via a firm commitment agreement
D. provide only best efforts underwriting in the U.S.
E. market and distribute an entire issue of new securities within their own firm
F. Sit at home watching TV
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