private placement memorandum

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Private Placement Memorandum

A document explaining a new offering of securities for private placement. Private placement involves selling securities without registering with the SEC. A private placement memorandum must then explain exactly why the offering complies with SEC Regulation D exempting certain companies from registration; this is done to protect both the issuer and the investors. According to Regulation D, a PPM must contain a complete description of the security and the terms of the sales. It must also include applicable information about the issuer's financial situation and applicable risk factors. Because securities for general issue must be registered under Regulation D, a PPM is not allowed to contain a general offer for investment.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

private placement memorandum

The documentation that provides information on a new security issue. It is similar to but less extensive than a prospectus.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Increasing the size of our PPM panel will allow our clients to continue to share their story with confidence and in a way that resonates with advertisers."
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The connectivity issue could impact all PPM surveys, as data for the week ending Nov.
Since the PPM connectivity disruption, it says, Nielsen has shared information with MRC about the outage, and the steps taken following the discovery of the disruption.
In its own statement, Nielsen responded to MRC by saying, "Followingthe PPM connectivity issue during week one of the December survey, Nielsen's Data Science team conducted a rigorous analysis of data quality and we firmly stand behind the December PPM monthly estimates.