DEFINITION of 'Tombstone'

A written advertisement placed by investment bankers in a public offering of a security. It gives basic details about the issue and, in order of importance, the underwriting groups involved in the deal.


This advertisement gets its name from its black border and heavy black print. The tombstone provides investors with "bare bones" information, usually directing prospective investors to where they can find a red herring/prospectus.

In practice, the tombstone is sometimes made after the issue has been sold.

  1. Investment Banker

    Someone working at an institution raising capital for companies, ...
  2. Red Herring

    A preliminary prospectus filed by a company with the Securities ...
  3. Prospectus

    A formal legal document, which is required by and filed with ...
  4. Initial Public Offering - IPO

    The first sale of stock by a private company to the public. IPOs ...
  5. Underwriting

    1. The process by which investment bankers raise investment capital ...
  6. Bulge Bracket

    A slang term used to describe the company or companies that issued ...
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