SoFi debuts platform for companies to offer expanded access to IPOs

Quick Summary:

:California fintech giant SoFi is teaming up with British capital markets platform PrimaryBid Technologies to expand its initial public offering share placement business, the company told Reuters.

The move comes as the IPO market has bounced back in 2024 on receding recession fears and a searing stock market rally driven by U.S.

"It's the natural evolution of our desire to give investors more and more access to the vehicles that allow the ultra-wealthy to get unique investment opportunities," he added.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Capital Investors Primarybid Reuters Been Share Platform Market Sofi Companies Technology

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 20:07:50 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 425 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22851431

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