Red Herring

Preliminary Prospectus: Initial Investment Document by Underwriters
The Preliminary Prospectus, also known as the red herring, is the first document released by an underwriter of a new issue to prospective investors, detailing financial aspects of the issue subject to change before the final prospectus.
Red Herring: Preliminary Prospectus in Finance
A Red Herring is a preliminary prospectus filed by companies intending to go public. It provides essential information to potential investors but lacks specific details, such as the price range and number of shares being offered.

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