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Red Herring

noun;
The preliminary prospectus documents that are taken on the road show to inform potential investors about an upcoming IPO I read a book this semester called Monkey Business which is about two guys that work at an investment bank. They introduced me to number of new words which I looked into as I am unfortunately entering their same field. However, after reading the book, I am beginning to think I made the wrong career choice, oh well.
 
I went to the printer to finish the red herring before we went on the road show.
Etymology : Comes from the statement that is printed in red ink on every preliminary prospectus statement, that says, “the company is not attempting to sell their shares before the registration is approved by the SEC.” Any prospectus statement before the final prospectus approved by the SEC.
Source : book called Monkey Business
Last modified: 10 June 2008


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