The prospectus is an essential document for a stock exchange listing. It must be filed with the AMF and includes a registration document, a securities note, and a summary. AMF approval confirms that the information is complete and consistent.

The stabilization period lasts approximately thirty days after the listing. During this period, the banks may exercise the over-allotment option to support the share price, thereby ensuring a smooth transition to the secondary market.

The preparation phase for an IPO typically lasts six to twelve months. This phase includes the board of directors' strategic decision, the assembly of the project team, the structuring of the transaction, and due diligence. These steps are crucial for evaluating the appropriateness of the listing and preparing the company for going public.

The banking syndicate, composed of Joint Bookrunners, plays a crucial role in managing the placement of securities. They are responsible for financial structuring, price setting, and share allocation to investors. Their expertise is essential to ensure the success of the initial public offering.

The AMF review covers not only completeness but also the consistency and comprehensibility of the information contained in the prospectus. The AMF approval positively sanctions this comprehensive review, ensuring that all information is reliable and accessible to investors.

A roadshow is a series of presentations to institutional investors in major financial centers. It is part of the placement phase and aims to promote the offering to potential investors by presenting the equity story and the company's prospects.

Euronext Paris imposes stricter requirements than Euronext Growth. For example, a minimum market capitalization of €5 million is required for Euronext Paris compared to €2.5 million for Euronext Growth. Furthermore, Euronext Growth does not require an accounting track record, unlike Euronext Paris which requires three fiscal years.

According to French practice, the prospectus approval period can be reduced to five days when the issuer already has an approved universal registration document. This accelerates the AMF review process, as certain information has already been validated.