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    <title>Red herring prospectus.</title>
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      <description>A company may issue a red herring prospectus - a prospectus omitting complete particulars of quantum or price - and must file it with the Registrar before opening the subscription list. The red herring prospectus is subject to the same obligations as a prospectus, with any variations to be highlighted in the final prospectus. After closing the offer the company must file a definitive prospectus stating total capital raised, closing price and other details omitted earlier, and file it with the Registrar and the securities regulator.</description>
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