The document that a company conducting an initial public offering produces to describe the key aspects of the securities offered for sale is called the ________.

Question

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A prospectus is a legal document that describes the securities being offered for sale in an IPO. It includes information about the company, risks associated with investing, financial statements, and other key details. An annual report is a separate document that companies produce each year to provide a summary of their financial performance and key achievements. A term sheet is an initial document outlining the terms and conditions of a potential investment, and a tombstone is a type of advertisement used to announce the completion of a financial transaction.

The Document That a Company Conducting an Initial Public Offering