Tombstone

What does it mean?
A written advertisement placed by investment bankers in a public offering of a security. It gives basic details about the issue and, in order of importance, the underwriting groups involved in the deal.

In Other Words...
So-called because of its black border and heavy black print, the tombstone provides investors with "bare bones" information, usually directing prospective investors to where they can find a red herring/prospectus.

In practice, the tombstone is sometimes made after the issue has been sold.

Related Links
IPO Basics Tutorial - What's an IPO, and how did everybody get so rich off them during the dot-com boom? We give you the scoop.

Related Terms
Bulge Bracket | Investment Banker | IPO | Prospectus | Red Herring | Underwriting

1 | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z