A prospectus may or may not be required for a new issue of shares, and it is a question that often depends on the nature and number of the proposed purchasers.

Question

Quizplus · Accepted Answer

A prospectus is a detailed document that companies must publish when offering new shares to the public, but there are exemptions based on the nature and number of investors targeted, such as private placements or offers to a limited number of sophisticated investors, where a prospectus might not be required.

A Prospectus May or May Not Be Required for a New