By Charlotte GAUCHON
20 July 2025
The prospectus is the cornerstone of any initial public offering. This dense, regulated document has a dual role: to inform potential investors and to engage the responsibility of the company going public. Inaccurate information or omissions can have considerable legal and financial consequences. Preparing for an IPO is a demanding process that requires a thorough understanding of your obligations, as detailed in our complete legal guide to IPOs. This article focuses on the rules governing the drafting, validation and distribution of the prospectus, as well as the resulting responsibilities. Publication of a prospectus is a legal requirement prior to any admission of financial securities to a regulated market or any offer to the public. The purpose of this document is to ensure that investors are provided with complete, accurate and timely information...