What is the street name for the advertisement issued during the period of time when a firm is waiting for approval from the SEC to issue new securities? This advertisement typically contains the name of the issuing firm and the list of investment bankers involved in underwriting and marketing the new issue.

Question

Quizplus · Accepted Answer

The street name for the advertisement issued during the waiting period for SEC approval is tombstone. It is called a tombstone because of its rectangular shape and the fact that it lists the names of the issuing firm and the investment banks involved, similar to a grave marker. The purpose of the tombstone is to generate interest and create demand for the new securities once they are approved for issuance.

What Is the Street Name for the Advertisement Issued During