Solution introduction
EDI monitors IPOs worldwide using local stock exchanges as its primary source of information and secondary sources, including local newspapers, news agencies, etc.
Have initial public offering data delivered to you and determine if a target company has declared its intention to go public. Then use that information to set up an issue in your reference database
Client can access IPO data announcements captured at 6 stages:
New - indicates that the IPO is complete (or in action), and the listing date is today or yesterday.
Rumour - indicates that the company (or other respected sources) has announced its intention to hold an IPO, but before the necessary approval has been made.
Pending - indicates that the IPO is confirmed and the necessary approval has been made.
Historical - indicates that the IPO has taken place and the listing date is more than two days before.
Postponed - an IPO temporarily suspended, pending a further announcement on the placement operation.
Withdrawn - an IPO permanently stopped due to the company's or regulatory body's decision.
