prospectus and offer for sale

[eShA]

can any one tell me the basic difference in prospectus and offer for sale document

and whether only unlisted company issue offer for sale document or listed as well then give me some proof of it


regards,
eShA


Although this may seem a paradox, all exact science is dominated
by the idea of approximation.

[eShA]

plz give your view on the following. i would b thank ful to u

whether companies which are not listed on stock exchange only issue offer for sale document for the major stock holder who wish to offload their share?

here is a case
suppose a dubai group hold 40% of stake in the ABC company. and that company is not listed on stock exchg and hence no secondary market available now in this case This particular stake holder sale their share through offer for sale? it that true?

now there is another case but here the company is listed on stock xchg ie secondary market available. now those who want to sale big lot of share let say 40% would they can also issue Offer for sale document.? or they must sale share only in secondary market ie stock xchg?

i short i just want to conform from u whether the unlisted company only published offer for sale or listed as well for facilatating the sale of shares by major stake holder?


regards,
eShA


Although this may seem a paradox, all exact science is dominated
by the idea of approximation.

[derivativetrader]

For the one which isn't listed, their shareholders would have to go through the process of sale documents etc. Take this example as a proxy for an IPO - the only difference here is we are not given whether they are going to list their shares on an exchange.

On the other hand, the one which is listed, why would their shareholders want others to have a view on their investments. Also, they wouldn't sell the 100% amount at one go - think of the liquidity issues. If a firm is listed, majority of their trades would go through the exchange but of course, some large shareholders might use their investment as collateral for their other acquisations - think about M&A activity and its financing terms.

Hope it clears the idea.

DT