SCOTTSDALE, Ariz., Jan. 18, 2017 /PRNewswire/ -- TAG Holdings has made a strategic equity investment in ClickIPO Holdings, LLC, the holding company for ClickIPO Securities, LLC (FINRA-registered Broker-Dealer), and owner of the ClickIPO technology platform. ClickIPO Securities seeks to aggregate hundreds of thousands of retail investors through an app that will give them access to Initial Public Offerings (IPO) and Secondary Offerings. The app is scheduled for launch in mid-2017.
As part of the investment, former US Attorney General and Chairman of TAG Holdings, John Ashcroft, will join the ClickIPO Holdings Board of Advisors where he will assist the FinTech start-up with strategic partners, and advise management on regulatory and compliance issues.
Currently, the majority of IPO allocations go to large institutions and to the well-connected.
"IPOs have traditionally been difficult to access for most retail investors," said Ashcroft. "With the advent of modern technology, this no longer needs to be the case. We believe ClickIPO has developed an innovative technology and business model that benefits the underwriters, issuers, and investors, as well as the brokerage firms."
The ClickIPO app will be the world's first app (Android and IOS) that fully-automates the IPO and Secondary Offering process for US-based offerings. Anyone can download the app for free and begin to browse offerings. To express interest and purchase shares, the user must connect the app to a supported brokerage account. ClickIPO will support a number of brokerages at launch, and will release many new brokerage integrations throughout 2017. Eventually, the ClickIPO app will feature all IPO and Secondary Offerings, underwritten by major underwriters. An actual IPO share purchase will not cost the user any brokerage fees.
A key differentiator is that the ClickIPO app is designed to attract retail investors with buy and hold behavior.
"The ClickIPO proprietary allocation process is specifically designed to discourage IPO flipping which has been an ongoing problem for underwriters," said Scott Coyle, Chief Executive Officer of ClickIPO Holdings. "This is not a platform for IPO flippers or day traders. We attract everyday retail investors, who naturally buy-and-hold shares. We have created a scoring algorithm to rate each investor, similar to a credit score. Allocations are determined based on an investor's score, with buy and hold behavior being the largest scoring factor."
Users can join the Waitlist today at ClickIPO.com. As ClickIPO Securities moves into Open Beta, those on the Waitlist will be slowly invited to use the platform.
"Ultimately, our business is about bringing value to Underwriters, Issuers as well as the everyday investor," said Coyle. "By creating a large liquidity pipe, attracting buy and hold investors, and supplying data and insights, we create a utility that makes retail distribution valuable, easy, and safe."
For inquiries, Scott Coyle, firstname.lastname@example.org
About ClickIPO Securities
ClickIPO Securities, a FINRA-registered Broker-Dealer and technology company, that provides access to IPO and Secondary Offerings to Retail Investors with a first-of-its-kind mobile app through integration with online brokerages.
About TAG Holdings
TAG Holdings LLC, founded by former U.S. Attorney General John Ashcroft and David Ayres, invests in early-stage business ventures with market-disrupting technologies and innovative management teams.
SOURCE TAG Holdings LLC