Some pre-IPO shareholders may wish to take the opportunity afforded by

Some pre-IPO shareholders may wish to take the opportunity afforded by the IPO to cash out some or all of their shares in the (i) portion of the IPO. IPO firms also generally raise funds for the firm in the (ii) portion of the offering.

(i) (ii)
a. primary secondary
b. secondary primary
c. tertiary primary
d. secondary tertiary

ANSWER

B