Health Sciences homework help. Chapman Co. is aprivately owned MNC in the United States that plansto engage in an initial public offering (IPO) of stock sothat it can finance its international expansion. At thepresent time, world stock market conditions are veryweak but are expected to improve. The U.S. markettends to be weak in periods when the other stockmarkets around the world are weak. A financialmanager of Chapman Co. recommends that it waituntil the world stock markets recover before it issuesstock. Another manager believes that Chapman Co.could issue its stock now even if the price would below, since its stock price should rise later once worldstock markets recover. Who is correct? Explain.