A _____, or prospectus, discusses all the potential risks of investing in an initial public offering (IPO).

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A red herring is a preliminary prospectus filed by a company with the Securities and Exchange Commission (SEC), usually in connection with the company's initial public offering (IPO). It contains most of the information pertaining to the company's operations and prospects but does not include key details of the offering, such as the price and the number of shares offered.

A _____, or Prospectus, Discusses All the Potential Risks of Investing