Question: Second-stage financing occurs: A. when the IPO does not raise sufficient cash. B. after the best efforts of the underwriters. C. when company founders sell
Second-stage financing occurs:
| A. | when the IPO does not raise sufficient cash. | |
| B. | after the best efforts of the underwriters. | |
| C. | when company founders sell a portion of their shares. | |
| D. | prior to the initial public offering. |
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