CFA Practice Question

CFA Practice Question

Which of the following venture capital stage is incorrectly described?
A. Later stage financing is for firms that have made an initial public offering, but require additional funds for growth.
B. Early stage financing supports increased capabilities for firms which have reached the stage of beginning operations but not yet capable of commercial sales.
C. Mezzanine financing provides a expanding firm the finances required for going public (IPO).
Explanation: Later stage financing is for firms that have begun commercial manufacturing and sales but have not yet made an initial public offering.

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