Investigation of variable lifting in an immediately invoked function

Analyze how hoisting occurs for the variable name inside the IIFE, and predict what text will appear in the console.

var name = 'Коля!';

(function () {
    if (typeof name === 'undefined') {
        var name = 'Вася';
        console.log('Пока, ' + name);
    } else {
        console.log('Привет, ' + name);
    }
})();