red herring prospectus

English

Etymology

So called because of the red disclaimer on its front page.

Noun

red herring prospectus

  1. (finance) A document that must be submitted by the issuing company as part of a public offering of securities (either stocks or bonds). It is issued to potential investors, but does not have complete particulars on the price of the securities offered or quantum of securities to be issued.
    Synonym: red herring
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