Examlex
Which of the following statements is NOT correct?
Initial Public Offering (IPO)
The method through which a privately-held company goes public by issuing its shares to the general public for the initial time.
Holder-Of-Record Date
The date on which existing shareholders on company records are designated as the recipients of stock rights. Also the date of record.
Tombstone
An advertisement in a financial publication announcing a public offering of securities, containing basic details of the issue.
Preliminary Prospectus
An initial document provided by a securities issuer that describes the details of an upcoming offer to the public, often called a "red herring."
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