What is Red Herring ?
The preliminary prospectus is also known as the “red herring.” It is the offering document printed by the issuer that includes a description of the business, strategy, historical financial statements, recent financial results, details about management and their backgrounds, and ownership information. However, please note that the term “red herring” refers specifically to the preliminary prospectus used in the United States, and it may have different names in other regions.
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