A comprehensive report prepared by accountants that includes financial information, often required to be included in a company's prospectus as mandated by the London Stock Exchange.
An application form is a document issued by a newly floated company, accompanied by its prospectus, that members of the public use to apply for shares in the company.
A consent letter is a formal document included in a prospectus where an expert, such as a reporting accountant, consents to the issuance of the prospectus and acknowledges the inclusion of their report or any reference made to them.
A deficiency letter is a written notice from the Securities and Exchange Commission (SEC) to a prospective issuer of securities, indicating that the preliminary prospectus needs revision or expansion. Addressing deficiency letters promptly is crucial to avoid prolonging the registration period.
The minimum sum of money, stated in the prospectus of a new company, that the directors consider must be raised if the company is to be viable.
An offering circular is an essential document used in securities offerings to provide detailed information about the investment opportunity, its terms, and the issuer. It serves a similar purpose to a prospectus but is typically used for different types of offerings.
A Pathfinder Prospectus is an outline document designed to test market reaction to the initial public offering (IPO) or flotation of a new company.
A Professional Valuation is an assessment of the value of an asset by a professionally qualified individual, utilized in a balance sheet or prospectus of a company.
A document that provides detailed information about a new issue of shares or debentures, inviting the public to invest. The prospectus must comply with regulatory requirements and be filed with the appropriate authority.
A reporting accountant is responsible for providing financial information in a prospectus or reporting on small company accounts, primarily ensuring consistency with accounting records and legal provisions.
The first law enacted by Congress to regulate the securities markets, approved May 26, 1933, as the Truth in Securities Act.
A sponsor in financial markets plays a crucial role in the flotation of a company, acting as a guiding entity through the complex process of going public. They supervise the preparation of the prospectus and ensure the company comprehends the benefits and obligations associated with public listing.
