Online broker TradingBlock has launched what it calls “a disruptive, investor-centric platform” that provides investors of all levels with greater access to Initial Public Offerings.
Dubbed My IPO, the platform is connected to Apex Clearing so investors can trade shares as soon as public trading begins, removing typical delays, costs and complexity of transferring shares from a transfer agent after closing, according to an announcement.
TradingBlock’s release explains that My IPO democratizes access to IPOs and other offerings traditionally reserved for investment banking clients or institutional investors, saving time, reducing friction and providing investors with more immediate access to the market.
“Investing in IPOs should not be exclusive to the wealthy or those who have privileged access to such offerings,” said Joel Vanderhoof, President, My IPO Investment Banking. “My IPO levels the playing field and allows investors of all kinds to purchase shares of some of the most exciting companies going public. The launch of this unique platform is yet another sign of TradingBlock’s commitment to providing equal access to wealth creation tools.”
Individual investors who use My IPO can participate in IPOs and Regulation A+ offerings. TradingBlock’s new platform allows U.S.-based investors to participate in offerings through retirement accounts as well as traditional brokerage accounts.
