Tombstone
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. Investopedia Says:
This advertisement gets its name from 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 Terms:
Bulge Bracket
Initial Public Offering - IPO
Investment Banker
Prospectus
Red Herring
Underwriting |