As “a document inviting investments” offered to the general investors when inviting subscription of the securities, prospectus helps the general investors to make a right decision on investment by providing the easily- written contents of the registration statement to the general investors.

While preliminary prospectus is used to solicit subscription before the registration statement becomes effective after acceptance, prospectus is used to solicit subscription after the registration statement becomes effective after acceptance.

IR activities related to IPO and initial listing are, in general, implemented during the period from the time after the registration statement becomes effective to the time before book-building begins for decision of offering price.

The corporation can hold information session using their own networking, choose and invite important parties such as institutional investors and analysts, and consult with the managing underwriter or a specialized IR company. The Exchange supports IR activities of prospective listed companies by providing the place and facilities for IR if they request.