Investing

SoFi to give amateur investors early access to IPOs in break from Wall Street tradition

0


Anthony Noto, CEO of SoFi 

Adam Jeffery | CNBC

Online finance start-up SoFi is lowering the barrier for amateur investors to buy shares of companies as they go public.

These IPO shares have historically been set aside for Wall Street’s institutional investors or high-net worth individuals. Retail traders don’t have a way to buy into newly listed companies until those shares begin actually trading on the exchange. By that time, the price has often gapped higher.

“Main Street will have access to investing in a way they wouldn’t have before,” SoFi CEO Anthony Noto said in a phone interview. “It gives more differentiation, and more access so people can build diversified portfolios.”

SoFi itself…



Source cnbc.com

EU steps up vaccine exports rules and pressures AstraZeneca over deliveries

Previous article

Satellite images of ship Ever Given in Suez Canal shows work underway

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Investing