ADVFN and OFEX Keep Private Investors in the IPO Know
July 16 2003 - 4:05AM
UK Regulatory
ADVFN AND OFEX KEEP PRIVATE INVESTORS
IN THE IPO KNOW
Retail investor distribution service informs of upcoming floats
ADVFN has launched the first service of its kind - 'IPOexpo' - to help
companies entering the OFEX market.
IPOexpo creates an additional distribution channel for potentially all OFEX
IPOs. It provides companies that have made a formal application for their
securities to be traded on OFEX and want to raise capital, the opportunity to
publicise the float and offer their prospectus directly to the 250,000 plus
registered users of ADVFN's website, www.advfn.com. ADVFN creates broader
visibility for an initial public offering by running promotions via the site
which link to further information about the IPO.
Users of the service simply select the company's promotion and they'll
immediately be provided with details of the offering. After filling in a simple
form they will receive a prospectus within seconds from ADVFN, which will have
been sourced direct from the company's advisers. This will not form any type of
investment recommendation by either OFEX or ADVFN, it merely increases the
retail distribution of prospectuses.
"The IPO market is beginning to pick up. To prosper, new listings have to make
maximum impact on private investors. ADVFN enjoys 32% of UK stocks and shares
information traffic(i), meaning that companies have a dedicated channel and a
sizeable, tailor-made audience for their listing announcement," said Clem
Chambers, CEO of ADVFN.
(i)Figure provided by Hitwise - real-time competitive intelligence. Figure
based on ranks by `page' for June 2003 of UK stocks and shares Web sites.
Jonathan Jenkins, Joint MD of OFEX, commented: "This service means important
details about a company are targeted quickly and directly to the people that
count - the prospective shareholders. The prospectus comes with no
recommendation from OFEX or ADVFN, we are simply providing a distribution tool.
For companies that have made an application to the OFEX market and intend to
make a wider retail audience aware of their plans, this could represent a key
part of the marketing for both them and their corporate advisers."
Any potential OFEX applicant or their adviser can contact Michael Hodges on
0207 0700 946 or at mikeh@advfn.com to find out how they can use the IPOexpo
service.
For OFEX enquiries, please contact Jonathan Jenkins on 020 7423 0800 or email
enquiries@ofex.com
NOTES FOR THE EDITOR
ABOUT ADVFN
ADVFN (www.advfn.com) is the UK's number one stocks and shares website. With
full real-time coverage of the euronext-liffe, the London Stock Exchange,
NASDAQ, Amex and NYSE, including FTSE, Dow and S&P indices, ADVFN provides
professional quality information to the private investor.
ADVFN was established in the last quarter of 1999 and floated on AIM in March
2000. It now has over 250,000 registered users who generate in excess of 35
million page impressions a month.
ADVFN currently cover the following areas in the UK and America:
* Free real-time prices from the London Stock Exchange
* EURONEXT-LIFFE
* NASDAQ
* NYSE
* AMEX
* OFEX
* FOREX
* Level 2 data
* Comprehensive fundamental data
* Streaming stock charts, historic and intraday
* Portfolios
* RNS and AFX news
* UK's busiest financial bulletin boards
* Historical data downloads
* Stock monitors and filters
* Covered Warrants
* Investor Relations Web site solutions
* PDA service
* SMS stock quote service
For further press information, please contact: Francesca De Franco on 020 7070
0932/ E-mail francescad@advfn.com
ABOUT OFEX
OFEX plc operates the OFEX market in the United Kingdom. The OFEX market
provides a share trading platform for the securities of unlisted and unquoted
companies. OFEX plc is regulated by the Financial Services Authority.
In its brief history, OFEX has created a market in which over 450 companies
have raised over GBP1bn using the broad membership of Member corporate advisers
and broker/dealers.
OFEX Holdings plc successfully floated on the London Stock Exchange's
Alternative Investment Market in late April 2003.
END