TradeStation Securities, Inc., a fully owned subsidiary of Monex Group, Inc. (TYO:8698), and ClickIPO Securities, LLC have just announced that are making the ClickIPO platform available to eligible TradeStation clients so they may gain access to ClickIPO’s marketplace of initial public offerings, secondary offerings and follow-on offerings (collectively, “Public
Offerings”).
The ClickIPO app for iOS and Android, available through ClickIPO, allows eligible individual investors to participate in certain Public Offerings.
We offer a simple solution that enables the small investor to invest in available offerings at the public offering price,” said Scott Coyle, CEO of ClickIPO.
TradeStation clients can now download the ClickIPO app free of charge from the Apple App Store or Google Play store. Alternatively, people interested in the opportunity can apply for a TradeStation account
via a link on the ClickIPO app. Eligible TradeStation clients can then access the ClickIPO app, review available Public Offerings and place conditional orders to participate. If a TradeStation customer receives an allocation, the shares will be deposited into the customer’s TradeStation account.
ClickIPO aggregates conditional orders and sends one consolidated order to the underwriter. Once ClickIPO receives an allocation from the underwriter, individual investors receive shares of the offering in their TradeStation account in accordance with ClickIPO’s investor score algorithm. Investors may receive all, some or none of the shares requested depending on supply, demand and their investor score.
The ClickIPO app provides a new opportunity for TradeStation clients to participate in Public Offerings,” commented John Bartleman, President of TradeStation Group, Inc., TradeStation’s parent company. “We’re pleased to enter an arrangement with ClickIPO to make this value-added feature available to TradeStation clients.