Page 34 - Initial Public Offering - An Introduction to IPO on Wall Street

they fulfill the requirements for using such documentation. They need to use a two-part single
corporate bond prospectus for easy bond offerings. The details that they will need to provide
are distinct in some ways in each of these disclosure reports.

3.2.1. Prospectuses

The type of disclosure document that is mostly commonly used, a prospectus requires the
greatest possible amount of information.

If your prospectus offers stocks listed on a recommended financial market, it may not need to
have as much details as otherwise necessary because much of the data would have already
been made available to the public as part of your ongoing disclosure duties.

3.2.2 Information Statement Revealing the Offer

An information statement on a bid has less disclosure requirements but can only be utilized to
generate up to ten million dollars in cumulative funding that includes any prior investment
under an offer information statement.

If you want to use an information statement about the bid, you should have the ability to
furnish a duplicate of an audited earnings report with a balance date during the previous six
months.

3.2.3 Profile Statements

A profile statement is a document which contains minimal essential details related to the
organization and the offer. Only where ASIC has authorized, businesses may use profile
statements. At present, there are no accepted profile statement uses.

3.2.4 A Two-Part, Straightforward Brochure on Corporate Bonds

After the changes adopted by the 2014 Corporate Bond (Simple Corporate Bonds and Other
Measures) Act, a strict disclosure system is applicable to issues of 'simple corporate bonds' to
be provided under a two-part straightforward corporate bond brochure.

A two-part, straightforward brochure on corporate bonds comprises of the following:

 A three-year standard
brochure, which must contain
basic information about the
issuer that is not likely to
undergo any changes over the
document 's three-year
existence (and may be issued
in anticipation of an actual
offering of basic corporate
bonds);
 For each bid, a separate bid
brochure which must contain
specifics of the offer and may
refresh data contained in the
basic prospectus

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