A prospectus is a document that outlines the details of a company's offering to the public. However, there is a specific type known as a "stock exchange prospectus" that is worth discussing. This form enables a company to conduct a prospectus offering through the facilities of a stock exchange, bypassing the traditional route of directly issuing securities to the public. The company must then seek approval from the exchange to list their securities. This process offers benefits such as increased visibility and liquidity for the company's securities.
