A prospectus certificate indicates equity ownership in a firm.

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A prospectus certificate is a document that provides information about an investment opportunity but it does not indicate equity ownership in a firm. It is usually issued during the initial public offering (IPO) process to provide potential investors with detailed information about the company's history, financials, management, risks, and other relevant factors that may influence their investment decision. However, if an investor decides to buy shares in the company, they will receive a share certificate that indicates their ownership and the number of shares they hold.

A Prospectus Certificate Indicates Equity Ownership in a Firm