_________ prospectus were issued in order to test the market before finalizing issue size/ price.

Question

Quizplus · Accepted Answer

A red herring prospectus is issued during the process of an initial public offering (IPO) or other securities issuance to gauge investor interest before finalizing the issue size or price. It contains most of the details of the business and its finances but does not include the final price or size of the offering.

_________ Prospectus Were Issued in Order to Test the Market