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  3. a private offering is a sale of securities in whic

A private offering is a sale of securities in which: the security is exempt from...

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Accounting

A private offering is a sale of securities in which:
the security is exempt from registration.
investors may resell their stock within 3 months of acquisition.
the issuer provides less disclosures in return to selling less stock to fewer investors.
the security can only be sold within the home state of the offeror.
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