摘要:Stock Exchange, as an alternative frnancing for business world, plays t very importanl rcle in n ionnl development activity. Accordingl!, a regulation that gives o legol prctection for inveslors become crucial. One of lhe regularions of lhal purpose has been established, Le, Regulstion no. 8/1945 of Stock Exchange, b'ased on transparcncy principle, mentioned thfll ever! compan! tlrat will conduct an initial public olfering should published .t prospectus, Prospectus is a t+,ritten, detail and thorough information about the company provided for investor that inlercsls to bav the stock.