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How Reed Hastings’ Facebook Status Update Landed Netflix in SEC’s Crosshairs

Gust

Before the commercial Internet, the primary tools of disclosure included: Prospectus and related registration statement (“S-1″) for an IPO. To understand the SEC’s point of view , it’s necessary to review the principles underlying securities law in the United States.

SEC 158
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Thinking of exiting your business? Explore every option

The Next Web

Prospective buyers are going to want to dig deep into your business in order to understand drivers for revenue, as well as potential risks. Prepare a detailed prospectus. The prospectus will lay out the story and details of your business and help generate interest in it before listing, so it’s important that you get this right.