Difference between an information memorandum and an offering memorandum?
What's the difference between a CIM and an offering memorandum?
Thanks in advance.
Different Kind of Memorandums in Banking
As with any industry, in investment banking you’ll have to learn a whole new language of terms and abbreviations. Certified Private Equity Professional – Principal @mtnmmnn" explains the differences between a CIM and OM.
The 2 terms can be used interchangeably which can be confusing but generally speaking, a CIM is used for the sale of a whole company while an OM is for raising capital
Here are some helpful links on each type of memorandum to explain how they are made and what sort of information they contain.
Confidential Information Memorandum
- Confidential Information Memorandum vs Information Memorandum
- Drafting Confidential Information Memorandum
- Difference Between Pitch Book and Information Memorandum
- Who Makes the CIMs at Investment Banks
- CIM Layout
Offering Memorandum
the 2 terms can be used interchangeably which can be confusing but generally speaking, a CIM is used for the sale of a whole company while an OM is for raising capital.
Thanks a lot. So an OM would be sent to institutional investors in order to raise capital for a company? And would an OM be used in an IPO as well? Who is the audience receiving/ reading it?
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