A brand new generation platform sponsored by way of the largest U.S. banks and cash managers is aiming to carry the IPO marketplace into the twenty first century.

The syndicate table—an established fixture at banks throughout Wall Side road the place IPOs and different massive inventory gross sales are priced and allotted to traders—has lengthy clung to conventional techniques of doing trade like telephone orders and scribbled items of paper, at the same time as different companies move virtual.

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