Terms Beginning With 'r'

Red Herring

  • January 17, 2020
  • Team Kalkine

Red Herring filling is mainly a process of filling a prospect with the security regulator such as SEC in the United States ahead of launching an initial public offering to the public (or IPO). The prospect or red herring prospect contains all the relevant information concerning the business, operational risk, financial position, of a company; however, it does not contain information pertaining to the type of security being issued, its price, or the number of shares being offered.

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