As shocking as this utter failure may be to the nearly 1 billion faithful Facebook users around the world, it's no surprise to anyone who read the initial public offering (IPO) prospectus.

对于全球近10亿忠实的 Facebook 用户来说，这个彻底失败可能令人震惊，但对于看过首次公开募股（IPO）招股说明书的人来说，这没有什么可惊讶的。

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In its prospectus, the company acknowledged that creditors might find it "difficult or impossible" to pursue claims.

在其募集说明书中，该公司承认，债权人很难或不可能找到依据实现其主张。

youdao

They disclosed it all in the prospectus, albeit in fine print.

这些投行在发售说明书里披露了完整的情况，尽管是用小字印刷的。

youdao

But it's positive 1.5% per year, time-weighted--that's the number that you see in the prospectus or the number that you see in the advertisements so you say, what's the big deal, no harm no foul.

但算下来回报率每年还是正的1.5%,时间加权回报率,是你在招股说明书中,或是在广告中会看到的数字,你会说,没什么大不了,既没损失,也不违法

耶鲁公开课 - 金融市场课程节选

Compound that 13.4% over ten years and there's just an enormous gap between those mutual fund numbers that are in the prospectus and in the advertisement--the time-weighted returns and the dollar-weighted returns that talk about the actual experience of the investment community.

按13.4%复利算一下10年期的结果,你会发现在招股说明书和广告里给出的,用来反映投资机构实际业绩水平的,时间加权回报率,和货币加权回报率数字之间,有着巨大的差异

耶鲁公开课 - 金融市场课程节选

The Conservatives must choose between simply seeking to regain their reputation for competence or building a prospectus - on Europe, immigration and human rights - for what they would do if allowed to govern alone.

BBC: A postcard to the Westminster village

They looked at the monstrous 345-page prospectus describing the split-off that created Liberty and passed on the offer.

FORBES: The Inside Track

The regulators prevented retail investors from participating, despite the risks being disclosed in a thousand-page prospectus.

FORBES: Do Inefficient Stock Markets Drive Bad Corporate Governance?