Answer:
b. downward pressure
Explanation:
Initial Public Offering is a market launch of shares of a company to be sold to institutional, retail investors.
IPOs are sold in Primary stock markets, where new new securities are created by companies & sold to public for the first time.
However, there are also secondary stock markets, where old previously launched securities are sold second handed-ly by investors.
If the stock is quickly sold in secondary market, more of its demand will be satisfied by secondary market.
This will reduce its demand in primary markets, so it will create downward pressure on the stock's price
