What is a preliminary prospectus?
A preliminary prospectus is the first document filed with regulators and released to prospective investors by an underwriter of a new issue (where applicable). Investors should review this key document before deciding to place an ‘Expression of Interest’. The preliminary prospectus offers information about the new issue, including financial details, information about risk and about the issuing company, but may not contain information, such as the final price, underwriters’ fees and issue size. This information will appear in the final prospectus.
