Question

what is red herring prospectus ?

Answer 1

red herring is a preliminary prospectus filed by a company with the Securities and Exchange Commission (SEC), usually in connection with the company's initial public offering. A red herring prospectus contains most of the information pertaining to the company's operations and prospects but does not include key details of the issue, such as its price and the number of shares offered.

Answer 2

Red herring prospectus is a situation in which there are no details of price or amount of share being offered by the issue.