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Exchange Data International Launches Worldwide
Initial Public Offering Database
LONDON and NEW YORK, March 13, 2006 – Exchange Data International (EDI),
the premier provider of high-quality, accurate international securities data,
has launched the Worldwide Initial Public Offering (IPO) Database. The new
service allows investment banks to prepare in advance for forthcoming IPO
transactions, keep tabs on recently launched issues and compete effectively in
the marketplace.
Before listing their shares on a stock exchange, companies typically offer
them to the public and/or institutions through an IPO. Investment banks’ back
offices need to know which companies have declared their intentions to go
public so that they can set up the issue in their reference databases.
Corporate Finance departments need this information so they can advise on the
IPOs and consummate the deals.
Not all companies that declare their intention of going public actually do so.
They may in the interim be taken over, fail due diligence or not achieve the
valuation that they had hoped for.
"In today’s world, information is a source of competitive advantage. Business
intelligence is a critical component that enables financial institutions to
execute their strategy effectively," says Jonathan Bloch, CEO of Exchange Data
International. "With EDI’s Worldwide Initial Public Offering (IPO) Database,
banks can access up-to-date information quickly and easily from one source,
improve decision making, reduce errors and ultimately generate profit."
EDI monitors IPO’s worldwide and provides daily updates via email or the web
on all IPO’s in 74 countries. Information is gathered from primary sources
including more than 150 international exchanges and confirmed through secondary
sources such as international news agencies.
IPO’s are divided into four categories:
-
Rumored: The company (or other respected source) has announced the intention to
hold an IPO, but the necessary approval has not been obtained
-
Pending: The IPO is confirmed, and the necessary approval has been obtained
-
New: The IPO is complete (or in action), and the listing date is today or
yesterday
-
Historical: The IPO has taken place, and the listing date is more than two days
ago
Investment banks can look up essential data including the name of the company,
country of incorporation, exchange, security description, ISIN, symbol,
subscription period, currency, industrial code, number of shares offered, share
price proposed (or the range), initial price, listing date and notes (where
applicable).
Users can search all announcements against all available countries/exchanges
or specify a country of incorporation or exchange. Searches also can be
restricted to a date range, type of announcement, status of an announcement or
specific security. The system supports a linked search between an issuer name
and a security description, so that the results can be narrowed down should a
particular issuer have listings in multiple asset classes. Finally, the
calendar search allows users to enter specific date ranges to view either
creation dates or listing dates of securities.
"Never before has it been easier to track IPOs in the global market," Bloch
concludes. "As economic expansion gathers pace and the number of IPOs
increases, financial institutions will find EDI’s Worldwide Initial Public
Offering (IPO) Database an essential tool for success."
About Exchange Data International
Established in 1994, Exchange Data International is the premier provider of
quality and accurate international securities administration reference data.
The company provides back office solutions and securities data to most of the
major brokerage houses, custodians, and data vendors internationally. In the
decade since it was founded, EDI has garnered a worldwide reputation for high
quality and accuracy of its international securities administration data. EDI
has won acclaim for its innovations and rapid deployment of state-of-the-art
technologies. This has allowed the company to expand both its product range and
its geographic coverage, while retaining its original advantages as a lean
company with low overheads that listens to its clients and responds to their
needs and concerns in a flexible, innovative and cost- effective manner. EDI is
a wholly owned subsidiary of Information Publishing Plc.
For more information regarding EDI solutions please visit
www.exchange-data.com .
Please contact us if you have any questions or
wish to discuss your data needs.
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