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Still, even social media companies can't float without a prospectus, so Twitter's financials and business model will have to be unveiled soon enough.
On April 2 , 1949 Karachi Electric Supply Corporation became the first company to list on the KSE,2 albeit without a prospectus.
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According to British Columbia Securities Commission documents, Ayre sold 300,000 Bicer shares without releasing a prospectus.
That allows them to list without first filing a prospectus.
Vonage believes it could defend itself by arguing that although its solicitation might have been faulty, the company made up for the mistake by ensuring that no one actually could accept the offer without first seeing a prospectus, said the sources, who spoke on condition of anonymity because they are not authorized to talk about the offering.
Insurance regulators tend to focus on an issuer's claims-paying ability rather than its disclosure; most states allow insurers to sell group annuities without even issuing a prospectus.
Private deals can also often be arranged more quickly than public stock offerings, without waiting for the Securities and Exchange Commission to approve a prospectus and without the road show needed to entice investors.
Perhaps the United States savings bond is a useful model, since it compels people to invest for the long-term without a complicated prospectus or offering memorandum.
The company fixed the problem by making it impossible for any customer to accept the offer of buying stock without first having to open a prospectus, according to filings with the SEC and sources familiar with the offering.
2. Rejected Kevlar project: Without our help, our son submitted a prospectus for a seventh-grade science project to test the effectiveness of different brands of Kevlar, a bullet-proof material that is used in bullet-proof vests.
But it's being done without disclosure of information required by the Act – namely, a prospectus.
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