Exchange Data International Enhances Its Initial Public Offering Service with Further Public Offering (FPO) Data

Exchange Data International Enhances Its Initial Public Offering Service with Further Public Offering (FPO) Data
08.06.2017 11:00 am

Exchange Data International Enhances Its Initial Public Offering Service with Further Public Offering (FPO) Data

Data , Market and Reference Data

Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, announced today the release of a new corporate action event, Further Public Offering (FPO).

The addition of the FPO event enhances existing services by providing full details of company securities post Initial Public Offering (IPO), including any additional allocations made available to the deal’s underwriters via ‘greenshoe’ options.

Once a follow-on or secondary offering is announced, it is essential to understand the impact on existing shareholder investments. This new event type indicates the type of offering; whether for new shares, sales of existing shares or a combination of both. This allows clients to quickly and efficiently determine the dilution impact on their holding.

FPO events are tracked from the point of announcement through to closure or withdrawal with an audit trail following material changes of the offering such as offer price declaration and take up of greenshoe options. Once confirmed effective, a shares outstanding notice is published to reflect the new total number of shares as a consequence of the additional securities distributed in the offering.

“During 1Q 2017, US IPO activity was down 7% from the prior quarter. Meanwhile, secondary issuance was consistently stronger, up 18% quarter over quarter and more than 90% year on year,” noted Jonathan Bloch, CEO of Exchange Data International.  “As a result of this increasing demand, we decided to add the FPO event. Our experts have gatheredthe new Further Public Offering data from primary sources, covering 150 international stock exchanges, as well as secondary sources which include international news agencies.”

The new event is available in EDI’s Worldwide Corporate Actions, premium feed service and the web browser.

Related News

Finicity integrates with SimpleNexus for a seamless digital loan experience

Finicity’s Verification of Assets solution is integrated into SimpleNexus’ Enterprise Digital Mortgage Platform and mobile app

 

Read more »

State Street Verus is Live Now

State Street Corporation (NYSE: STT) today announced the launch of State Street VerusSM, a mobile-first application that makes connections between news coverage and investors’... Read more »

Jackson National Asset Management selects GoldenSource

GoldenSource, the global provider of Enterprise Data Management, has announced that it has been selected by Jackson National Asset Management (JNAM) to provide a fully hosted... Read more »

RSRCHXchange adds analyst interaction functionality to its research marketplace

New functionality includes the ability for research providers to book and sell meetings, calls, webinars and events

As the global market for investment research... Read more »

Micro Focus delivers comprehensive, integrated data protection for HPE ProLiant for Microsoft Azure Stack

Seamless protection for corporate data spanning hybrid cloud deployments; simplifies backup and restore process

Read more »

Basware Unveils New Analytics Dashboard for Payment Plans

Basware, the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, has released enhancements to visualize data related to payment... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App