5 ms·
>"The investment bankers create a prospectus which describes the "story" of how these companies plan to make money, present financials in a way that is understa
by bogomipz 6y ago
>"The investment bankers create a prospectus which describes the "story" of how these companies plan to make money, present financials in a way that is understandable (albeit likely an optimistic way), and then sell the investment as an opportunity."
How different are these prospectus from the reports that the companies already provide to their investors and boards though? I guess I'm asking isn't that "story" already written for them?