Prospectus in relation to a public limited inability company means

Commerce

JAMB 2024

A. a document stating the types or shares
B. an invitation to the public to collect dividends
C. an invitation to the public to buy shares
D. a document where the names of shareholders are written

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Correct Answer: Option C

Explanation

A prospectus is a formal document issued by a company seeking to raise capital through the sale of shares to the public. It provides detailed information about the company, its operations, financial, risks, and the terms of the offering. The prospectus serves as an invitation to potential investors to buy shares in the company.

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