With firm commitment underwriting, the issuing firm:
-Is unsure of the number of shares it will actually issue until after the offering is completed.
-Knows upfront the amount of money it will receive from the stock offering.
-Is unsure of the total amount of funds it will receive until after the offering is completed.
-Knows exactly how many shares will be purchased by the general public during the offer period.
-Retains the financial risk associated with unsold shares.
Knows upfront the amount of money it will receive f
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Home » Business » With firm commitment underwriting, the issuing firm: -Is unsure of the number of shares it will actually issue until after the offering is completed. -Knows upfront the amount of money it will receive from the stock offering.