Randy’s, a family-owned restaurant chain operating in Alabama, has grown to the point that expansion throughout the entire Southeast is feasible. The pro-posed expansion would require the ?rm to raise about $18.3 million in new capital. Because Randy’s cur-rently has a debt ratio of 50% and because family members already have all their personal wealth in- vested in the company, the family would like to sell common stock to the public to raise the $18.3 million. However, the family wants to retain voting control. You have been asked to brief family members on the issues involved by answering the following questions. What is a roadshow? What is book-building?