Ipreo, a leading global provider of workflow solutions and market intelligence to financial services and corporate professionals, releases growth statistics on usage of Investor Access among European investment banks and investors.
Since its first live deal in January 2017, the number of banks eligible to publish deals via Investor Access has doubled from eleven to twenty two. Investor participation in this industry-led initiative continues to grow, with an active community of one hundred investors able to view published deals and over thirty of those institutions enabled to enter orders electronically.
May marks a record month, with 69 deals run over Investor Access where investors have submitted orders and received allocations electronically. The number of deals published year to date is approaching 400, and more than 100 of these have been enabled for electronic orders. In recent weeks usage has increased, with deal coverage rising to around 80% of European investment-grade deals and more than half of these enabled for electronic orders.
The efficiency and broad applicability that Investor Access brings are represented by the diversification of issuers and market sectors.
"The rapid and continued adoption of Investor Access by banks and investors since the beginning of the year illustrates the appetite for increased efficiency in the primary markets and validates the value that Investor Access brings to the new issue process," said Bill Sherman, EVP, Head of Global Markets Group at Ipreo.