News | 09.24.21
New Platform Backed Seeks to Bring IPO Market Into Digital World
A new technology platform backed by major U.S. asset managers and banks aims to modernize the IPO market. The platform run by Capital Markets Gateway— backed by Franklin Templeton, Fidelity Investments, and others—currently provides data and analytics on follow-on stock sales, block trades, and initial public offerings, as well as a list of who the underwriters are for each offering. Later this year, the firm plans to expand its offering to enable investors to place orders for IPOs and other equity-capital-markets deals on the computer rather than doing so verbally over the phone.
Read the full article on Wall Street Journal