What does prospectus stand for?

A prospectus is a formal document that is required by and filed with the Securities and Exchange Commission (SEC) that provides details about an investment offering to the public. A prospectus is filed for offerings of stocks, bonds, and mutual funds.

What is a prospectus Singapore?

A company offering shares to the public in Singapore must issue a document known as a prospectus. Under section 240 of Securities and Futures Act, all offers of securities are prima facie subject to the prospectus unless the offer is specifically exempted.

What is a red herring preliminary prospectus?

Key Takeaways. A red herring is a preliminary prospectus filed with the SEC, usually in connection with an IPO—excludes key details of the issue, such as price and number of shares offered. The document states that a registration statement has been filed with the SEC but is not yet effective.

What is audit prospectus?

A prospectus is a document containing the details of a prospective securities offering. It is filed with the Securities and Exchange Commission (SEC). The depth of information covered is intended to inform investors about the risks involved if they were to purchase the related securities.

Why is prospectus issued?

A document issued by a company to invite the public and the investors for subscribing the securities is called a prospectus. The prospectus contains detailed information on the securities. A public company can issue the prospectus to offer its shares and debentures, whereas a private company cannot issue prospectus.

Is a prospectus a contract?

Contract Prospectus means the currently effective prospectus and statement of additional information or other offering documents with respect to a Contract (such as a written description of a Contract not registered under the 1933 Act), including any supplements or amendments thereto.