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Red Herring (See Chapter 26 of the Vernimmen)
In the US financial market, a "red herring" is a term designating a draft document in relation to an immediately forthcoming public issue of shares, bonds and other securities. This is in effect a draft "prospectus" handed over by the Lead manager(-s) to potential investors, in order to start gauging their Interest (the "circling process").
Red Herring (See Chapter 26 of the Vernimmen)
In the US financial market, a "red herring" is a term designating a draft document in relation to an immediately forthcoming public issue of shares, bonds and other securities. This is in effect a draft "prospectus" handed over by the Lead manager(-s) to potential investors, in order to start gauging their Interest (the "circling process").
See
all terms in the dictionary of finance
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