What Does “Prospectus-approved” Mean for an Investor?
On aescuvest.eu, investors become participants in the business chances of a start-up based on security investments. In order to issue and distribute shares Europe-wide, the start-up has to prepare a comprehensive offering document: the so-called prospectus has to be approved by a European financial authority before publishing, in this case by BaFin, Germany’s Federal Financial Supervisory Authority. What does this mean for the investors?