Assertion: fund's prospectus | /r/CapableOf | explain the company
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text: In managing an IPO, an investment bank is responsible for creating a prospectus that explains the company and the terms of the stock offering, handling all necessary legal and compliance issues with the appropriate financial regulatory body, such as the U.S. Securities and Exchange Commission (SEC), and setting the initial stock price at a level that will hopefully attract sufficient investment to obtain the financing that the company wants or needs.