Prospectus Brochure published by the issuer of a security. It contains general information on the company and the placement of the security. An issuing prospectus contains all key information about the security: the issuer, corporate structure, financial situation, business activities, as well as all executive bodies and companies involved in the floatation. The issuer and […]
Stock exchange Organized market for securities trading. (Auch: Börsengebäude) Exchange trading takes place at established times, with the exchange itself performing the following main functions: · Bringing together supply and demand (market function) · Creating an environment in which companies can raise capital by issuing securities (mobilization function) · Guaranteeing that securities can be sold […]
Securities exchange In the broader sense of the word, an exchange on which securities or derivatives are traded under the provisions of the Securities Trading Act. In practice, only securities (i. e. stocks, government bonds, mortgage bonds, public-sector bonds, corporate bonds, etc.) are traded on a securities exchange; derivatives trading takes place on a futures […]
Initial Public Offering (IPO) Process by which a company becomes listed on an exchange A company usually prepares and executes an IPO with the support of an issuing bank, or, in the case of large-scale issues, in conjunction with a syndicate. Companies go public primarily as a means of raising additional equity capital and as […]
Second Quotation Board The First Quotation Board and Second Quotation Board structure the Open Market. All companies whose shares are already listed or included at another international or domestic trading venue and apply for admission to the Open Market are included in the Second Quotation Board. GO PUBLIC ON THE FRANKFURT STOCK EXCHANGE CONTACT INFO@FSELISTINGS.COM […]
First Quotation Board The First Quotation Board and Second Quotation Board structure the Open Market. All companies with an initial listing in Open Market are included in the First Quotation Board. It is directed at domestic and international companies for a cost efficient and fast admission of their shares to trading. GO PUBLIC ON THE […]
Filing The submission of admission materials (issuing prospectus) and follow-up mandatory reports (e.g., quarterly reports) to an exchange GO PUBLIC ON THE FRANKFURT STOCK EXCHANGE, CONTACT INFO@FSELISTINGS.COM
Fee schedule of the stock exchange Body of regulations governing fees and the reimbursement of outlays for stock exchange services The stock exchange charges fees for various services, such as the admission of participants or securities to exchange trading, or the listing of securities on the exchange. The fee schedule of the stock exchange is […]
Holding period Period of time during which capital gains from securities transactions are taxable (or subjected to the highest tax rate) The holding period in Germany is twelve months – i.e., capital gains resulting from the purchase or sale of securities held for less than a year are subject to income tax. In Germany, all […]
Going Public Process in which a company raises external equity capital by offering its shares to public investors Going Public is usually considered to be a synonym for initial public offering (IPO). In the original sense, Going Public refers to the change in a company’s legal form when it is converted from private ownership – […]