What is a greensheet?

Greensheet is a document created in the subscriber's office for internal use brokers and officials who are preparing the initial public offer (IPO). Such documents are intended only for internal circulation and are not shared with investors, public or company storage. They are often very rough and can provide incomplete information because they are designed as a reference source, not an official sales document. In addition, it can bring relevant data, such as comparison with other companies and the history of shares in the same sector in which the IPO will be published.urchasese.

All this information is used by representatives of the company who are preparing for sale to investors. For example, they can take advantage of the advantages and disadvantages of the development of arguments and countermeasures that may appear during the sales meeting and come up with responses to probable questions and concerns. The financial data contained in Greenseet is also valuable for information as it allows people to provide potential clientsHard numbers about the history of the company's performance.

Creating such documents may include a number of scientists working on the development of various aspects of Greensheet to make them as accurate, complete and useful as possible. However, information may change quickly during the development of the initial public offer and Greensheet may not always be quite accurate. Obsolete and erroneous information may appear, and the document can be dated for people to be as recent. Very old documents are perceived with distrust, because the situation could have changed since they were generated.

This document is not an offer of circular, prospectus, booklet or similar document for sale of securities. Greensheets may include the exclusion of responsibility that they do not concern offers to buy securities to clarify the purpose of the material to anyone who accidentally comes into contact with the document. If potential clients get GreensheetThe upcoming offer, exclusion of liability warns them of the purpose of information and how the data can be used.