Initial Public Offering (IPO)来源：考试大
The offering of a company’s stock to the public for the first time.

首次公开发行股票来源：考试大
首次向社会公开发行股票募集资金。来源：考试大

Registration Statement来源：考试大
A document, along with a preliminary prospectus, which is provided to the SEC detailing the purpose of a public offering of stock.

公开声明书来源：考试大
与初始招股说明书一道提交给证券交易委员会，说明首次公开募集的目的。

Securities and Exchange Commission (SEC)来源：考试大
Administers statutes providing for the protection of investors against fraud and malpractice in the securities markets.

证券交易委员会来源：考试大
为保护投资者利益免受证券市场的欺诈、不正当交易等影响的管理机构。

Underwriters来源：考试大
A group of investment bankers that agree to purchase new issue stock from the issuer for resale to the investing public.

承销商来源：考试大
同意向发行人购买新股，向社会分销的投资银行团体。来源：考试大

Stock, Restricted来源：考试大
Stock which was acquired privately or as compensation and cannot be sold by the holder for a certain period of time.

限制交易的股票
私下取得或作为补偿的股票，在一定时间内不能上市交易。来源：考试大

Prospectus, Preliminary (Red Herring)
The preliminary or first informational document released by an underwriter to prospective investors.

招股说明书(红鯡)来源：考试大
承销商向潜在投资者发出的首个证券说明书。来源：考试大

Blue Sky Laws来源：考试大
Laws passed by states to protect investors against fraud and misrepresentation regarding new issues of stock.

蓝天法则来源：考试大
各州通过的法律，保护投资者在新股发行时免受欺诈和虚假陈述的影响。

Prospectus, Final (Offering Circular)来源：考试大
The final prospectus sent by underwriters to prospective investors following filing of the registration statement and the red herring.

最终说明书(发行说明书)来源：考试大
完成公开声明书和红鯡后承销商向潜在投资者发出的最终说明书。