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Offering Circular

Definition

An offering memorandum or offering circular is a type of prospectus for a bond or other security. Sometimes, this is also referred to as a prospectus, offering memorandum, or short OC. The OC represents one of the key selling..." The terms "offering memorandum", "OM", or "offering circular", "OC", are used instead of "prospectus" in certain situations, such as when the offering is not required to be registered with the United States Securities and Exchange Commission. Offering memoranda are needed when seeking securities identification numbers or listing on various global stock exchanges.

What is 'Offering Circular'

An abbreviated prospectus for a new security listing. Delivered to individuals and brokerage houses, these documents are issued to arouse interest in the new issue.

Explaining 'Offering Circular'

An offering circular allows investors to access information regarding a new issue. It provides them with the important highlights without having them actually read the long-form prospectus. After the investor becomes interested, it is crucial that they read the final prospectus in order to view all the details that may have been left out of the offering circular.


Further Reading


Use of modern finance theory in securities fraud cases involving actively traded securities
www.jstor.org [PDF]
… In Lynch, a controlling shareholder made a tender offer for shares of the minority … fiduciary duty because it failed to disclose two pieces of material information in its offering circular: an appraisal … that the firm's assets were worth more than the amount stated in the circular and that …

Islamic finance: the impact of the AAOIFI Resolution on equity-based Islamic finance: the impact of the AAOIFI Resolution on equity-based
www.tandfonline.com [PDF]
… In Lynch, a controlling shareholder made a tender offer for shares of the minority … fiduciary duty because it failed to disclose two pieces of material information in its offering circular: an appraisal … that the firm's assets were worth more than the amount stated in the circular and that …

OFFERING CIRCULAR See PROSPECTUS.OFFERING CIRCULAR See PROSPECTUS.
link.springer.com [PDF]
… In Lynch, a controlling shareholder made a tender offer for shares of the minority … fiduciary duty because it failed to disclose two pieces of material information in its offering circular: an appraisal … that the firm's assets were worth more than the amount stated in the circular and that …

Sustainable Banking: Finance in the Circular EconomySustainable Banking: Finance in the Circular Economy
link.springer.com [PDF]
… In Lynch, a controlling shareholder made a tender offer for shares of the minority … fiduciary duty because it failed to disclose two pieces of material information in its offering circular: an appraisal … that the firm's assets were worth more than the amount stated in the circular and that …



Q&A About Offering Circular


Where can you find more information about offerings?

You can find more information at EDGAR or on SEC's website.

What are some highlights of an offering circular?

Highlights include important information about the company, its products, and services.

What is an offering circular?

An abbreviated prospectus for a new security listing.

Who does an offering circular target?

The offering circular targets individuals and brokerage houses.

Why should one read the final prospectus after reading the offering circular?

To view all details that may have been left out of the offering circular.

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