A private placement memorandum (PPM) is a document that is provided to prospective investors when selling stock or another security in a company. This legal document outlines the terms of securities to be offered in a private placement investment offering.
The term Private Placement Memorandum can be used interchangeably with Offering Memorandum and Offering Circular.
View Full Answer Page: What is a PPM / Offering Memorandum / Offering Circular