Which of the following is not an advantage of going public?A. Going public enabl

Which of the following is not an advantage of going public?A. Going public enables a firm to raise additional capital.B. Going public generally brings a lower price in the publicmarket than in the venture capital or private placementmarkets.C. Going public achieves liquidity and diversification forcurrent shareholdersD. Going public gives existing shareholders a chance to sellportions of their shares as part of the IPO giving them a cashreturn on their investment and allows them to diversify theirinvestment portfolios.