New York, Aug. 3, 1999 (PRIMEZONE) -- Mercer Partners, Inc., an online investment banking firm, today announced the introduction of its investment banking services through its new web site, www.iposyndicate.com. Beginning immediately, Mercer Partners customers may open an account allowing them to invest in Initial Public Offerings, Secondary and Follow-on Offerings and Private Placements. IPOSyndicate.com will offer equal and open access to its IPOs without regard to an individual's account size. Indications are currently being accepted for Mercer Partners' next IPO, LoreCom Technologies. The LoreCom online prospectus is now available to qualified investors at IPOSyndicate's IPO Center.
"The Internet has leveled the playing field for the distribution of Initial Public Offerings," said Kethe A. Cicconi, Founder and President of Mercer Partners. "IPOSyndicate.com empowers individuals to invest in IPOs at the offering price, an advantage previously reserved for institutional investors and preferred, high net-worth clients of brokerage firms. We have established powerful syndicate relationships, which have enhanced both the quality and number of our offerings. Our mission is to deliver top caliber small and micro-cap public offerings to our sophisticated base of individual investors."
Opportunities to invest in public and private offerings are just some of the many innovative products and services that IPOSyndicate.com makes available to its investors. IPOSyndicate.com provides its members with two online investing platforms. For the passive investor, IPOSyndicate.com offers online investing capabilities in stocks and mutual funds at discount commission rates complete with state-of-the-art charts, news and data. For more aggressive traders, IPOSyndicate.com features its own proprietary trading software, MercerTrader, complete with NASDAQ Level II and direct, real-time ECN access and order execution.
"Individual investors are extremely active in seeking to get in on the IPO offerings," said Tom Madden, a co-founder of IPO Monitor.com, a Los Angeles Internet site that tracks the initial public offering market. "For so many years, the individual investors were left out of the process, and now that the door has been cracked open, I think everyone is seeing that there are thousands of these investors out there and that is why you are seeing so much activity in this area. I'm sure IPOSyndicate.com will receive a lot of attention from individual investors."
Future plans for IPOsyndicate.com, engineered by Content Solutions Corp., include the addition of a complete financial services portal and e-commerce business. The services offered will include: timely research coverage from major institutions, industry specific financial news, market commentary, custom research, portfolio management, tutorials and an online bookstore.
Mercer Partners, Inc. is a registered broker-dealer and member of the NASD and SIPC. Mercer Partners, Inc. and IPOSyndicate.com are managed by a team of experienced investment bankers and money managers. For more information, please visit www.iposyndicate.com or call 800-368-0740.