The most important document in the process is the prospectus. The sponsor helps to draft this alongside the directors (who carry ultimate responsibility for its accuracy). It is designed to reveal a lot of facts about the company to investors. It will probably contain far more information about the firm than it has previously dared to put into the public domain. The UKLA lays down stringent requirements for the content of the prospectus. Even without these, the company has an interest in producing a stylish and informative document as it acts as a marketing tool attracting investors.
When examining a prospectus, bear in mind the following: