Chapter 14, Problem 14.7Q

To determine

Introduction: The initial step in public offerings of securities is the preparation of the registration statement. The registering company selects one of the appropriate forms from 20 available forms. The most common are Form S-1, Form S-2, and Form S-3. Form S-1 is used by companies offering securities for the first time. Form S-2 is a small form used by already registered companies who have other publicly traded stock. Form S-3 is used by entities having stock traded for several years.

The use of Form S-1 and in what circumstances Form S-3 is used.