Prospectus . . .
refers to the offering memorandum used by a company to
offer its securities for sale in a public offering. It contains a
detailed description of the offering, the company making the offering
and the risks associated with investing in the company's securities.
The prospectus is typically prepared by the offering company and its
counsel but is extensively reviewed and revised with input from the
offering's underwriters, underwriters' counsel and the company's
accountants. Once it is completed, the prospectus is filed with the
SEC for further review and comment. Most initial public offerings use
the SEC's Form S-1 as the outline for their prospectus. See:
Public, IPO (Initial Public Offerings),
Memos, Public Offering.