Business and Personal Finance Dictionary

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• SB-2 OFFERINGS
  
  SB-2 was created in 1993 in order to replace the S18 Blind Pool, since blind pools are no longer allowed. A blind pool was when a company raised money, as in an IPO, and the use of the capital was undisclosed. An SB-2 can be used to raise an unlimited amount of money. An SB-2 though, does require a prospectus, unlike a SCOR, but that prospectus is allowed to use forecasting. SB-2 offerings also must follow GAAP when preparing financial statements. The SB-2 was designed to allow companies to raise capital inexpensively and quickly. The SB-2 is the basis for a Regulation A and Regulation D offerings. Regulations A and D limit offering amounts, but lower requirements and restrictions.
  
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