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Simple English definitions for legal terms
pink sheet
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A quick definition of pink sheet:
A pink sheet is a list of stocks that are not traded on a big stock exchange. It is printed on pink paper and shows the prices of these stocks. The National Quotation Bureau, a private company, publishes the pink sheet every day. It helps people who want to buy or sell these stocks to know what they are worth.
A more thorough explanation:
Pink Sheet
A daily publication that lists over-the-counter stocks, their market-makers, and their prices. It is printed on pink paper and published by the National Quotation Bureau, a private company. The Pink Sheet is also known as the National Daily Quotation Service.
Investors can use the Pink Sheet to find information about stocks that are not listed on major stock exchanges, such as the New York Stock Exchange or NASDAQ. For example, if an investor wants to buy shares of a small company that is not listed on a major exchange, they can use the Pink Sheet to find the stock's current price and the market-maker who is selling it.
Another example is if a company wants to go public but does not meet the requirements to list on a major exchange, they can still trade their shares on the Pink Sheet. This allows them to raise capital and gives investors the opportunity to buy shares in the company.
The examples illustrate how the Pink Sheet is used to find information about over-the-counter stocks and how it provides a platform for companies to trade their shares even if they do not meet the requirements to list on a major exchange. The Pink Sheet is a valuable resource for investors who want to invest in smaller companies and for companies who want to go public but do not meet the requirements to list on a major exchange.