Private placement memorandum is an offering document for a private placement that contains relevant disclosures so that an investor may make an informed investment decision. The PPM typically describes the company or entity that is issuing the securities, the terms of the offering, use of proceeds, description and rights of securities offered, risks associated with investment, and procedures for investing. In contrast to a business plan or marketing piece, a PPM is primarily a disclosure document. The PPM is sometimes also referred to as the offering memorandum or offering document.
