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American History 1988 - Chapter 234 - 228: Rival
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It’s a small gathering after the roadshow, where underwriters probe large investment institutions for their subscription intentions.
The reason for its name is that underwriters deliver Red Herring prospectuses to many potential customers.
The cover of the prospectus is printed with a striking red warning label, which notes that information on products and services is incomplete and subject to change.
Moreover, shares cannot be sold during this period. However, brok ...
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