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Basics

Market Participants: Investors and Companies
Unternehmen geht an die Börse
Market participants include investors (the 'end consumers'), issuers ('the producers') and traders ('the intermediaries').
Intermediaries 
 

Lead brokers and specialists on the Frankfurt trading floor belong to this group. They match demand and supply and fix prices. In Xetra® trading, Designated Sponsors and Market Makers act as brokers and also provide binding bid and ask quotes. In addition, banks employ traders who forward the orders of their customers to lead brokers or enter them into the electronic trading system.

Investors
 

Private investors without a valid trader's license are not authorized to trade directly on the floor. Access to the floor is granted to authorized trading participants only. They buy and sell securities on behalf of their clients.There are private and institutional investors and within each of these two groups, different types of investors and investment strategies can be found.

Issuers
 

Just like investors, issuers are not present on the trading floor. This is merely the place where their shares are traded. However, the first day of admission to the Frankfurt Stock Exchange is an unforgettable experience for many issuers and a milestone in any company's history. The atmosphere during the first price fixing on the trading floor is unique. Xetra IPOs can also be observed live on the Internet.An IPO provides many opportunities for companies seeking capital. Listed companies do not only grow faster, they also do not react as strongly to economic fluctuations. In principle, an IPO makes sense for companies that aim for a broader equity basis.

In contrast to debt capital, equity is available for an unlimited period of time and increases the flexibility of a company. Equity can be used without restrictions for long-term projects, for example to:

  • consistently pursue growth strategies,
  • strengthen the position in international competition,
  • increase awareness in the market and among investors,
  • promote the attractiveness as employer.
With a listing on the Frankfurt Stock Exchange, companies keep all these opportunities open for themselves.

Whether or not an IPO turns out successful does not only depend on the company itself, but also on its market environment. How do stock prices fare at the moment? Which sectors are in the spotlight? No doubt, the stock market knows trends. Just because everyone is into solar engery today, does not mean that nanotech could not be all the rage tomorrow. How liquid are the investors? If all conditions are right, you could say there is a window for an IPO.
Corporate governance – Good behavior of listed companies 
 

Investments require confidence – in business models, products, markets and, above all, in a company’s management team. That the smaller instances of irregularities and the larger cases of fraud in the financial markets in the recent past have served to erode such confidence, is only one reason for demanding clear behavioral guidelines for companies. Another is the increasingly international orientation of both companies and investors. Globalization demands uniform rules so that it becomes easier to compare companies and their markets.

Corporate governance describes the good management practices of companies. It deals, more particularly, with the regulatory framework for executive management and control, issues like the legal and actual allocation of duties between the supervisory board, the management board and the owners and the remuneration and incentive systems for these bodies.


Basics
 

The following Disclaimer and Information has been prepared by Voltabox AG (the “Issuer”) for the purpose of publishing THE securities prospectus by the issuer. Deutsche Boerse AG does not assume any responsibility for the content of the issuer`s Disclaimer and information.

 

Important Information


 

The information contained on the following web pages is directed only at persons who are resident of or domiciled in the Federal Republic of Germany (“Germany”) or the Grand Duchy of Luxembourg (“Luxembourg”). The following information does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities. No offer of securities of the Issuer is being, or will be, made to the public outside Germany and Luxembourg. The offer in Germany and Luxembourg is being made solely on the basis of the securities prospectus (including any amendments thereto) which has been approved by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and which has been published on the Issuer’s website. Any investment decision regarding the publicly offered securities of the Issuer should only be made on the basis of the securities prospectus. The securities prospectus is available free of charge from the Issuer (Artegastraße 1, 33129 Delbrück, Germany; Tel.: +49 (0)5250 9930-900; Fax: +49 (0)5250 9762-102) and on the Issuer’s website (www.voltabox.ag).



The information contained on the following web pages is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States of America (“United States”), Canada, Australia or Japan. The Issuer’s shares, and the securities offered in the course of the offer, have not been and will not be registered under the US Securities Act of 1933, as amended (“Securities Act”), or with any other securities regulatory authority of any state or other jurisdiction of the United States and may not be offered, sold or delivered within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Issuer does not intend to register the offer or parts thereof in the United States or make an offer to the public in the United States, Canada, Australia or Japan.



The information contained on the following web pages is not for distribution to persons who are located in the United States, Canada, Australia or Japan or any other jurisdiction where the offer of the securities to the public is not taking place. Any violation of these restrictions may constitute a breach of the securities laws of these countries. The copying, forwarding or other transmission of the content of the following web pages is prohibited.

By clicking the "I AGREE" button below, you warrant that (i) you have read and accepted the foregoing information and restrictions in full and (ii) you are a resident of or domiciled in Germany or Luxembourg, and (iii) you agree not to distribute or forward the information contained on the following web pages to any person who is not a resident of or domiciled in Germany or Luxembourg.

 


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