IPO University


Also known as a pink herring, this is a form of a preliminary prospectus that contains no proposed price range or number of shares (unlike a red herring). Emerging growth companies are allowed to distribute pinks during testing-the-waters discussions. The first public IPO filing on EDGAR, the S-1 or F-1, is typically a pink. The offering price and number of shares is eventually set and published in the final prospectus.