Enables banks to more effectively communicate deal progress to issuers
Ipreo, a leading global provider of market intelligence and productivity solutions to financial services and corporate professionals, announced the release of the next generation of its Issuer View mobile application, which enables banks to communicate with issuers more effectively by giving them a real-time view into the progress of a deal.
Ipreo Equity Capital Markets solutions include end-to-end bookbuilding applications and syndicate connectivity platforms, supporting the equity new-issue process for the world's leading investment banks. Initially launched in 2011, Issuer View has been used in over 370 deals by several of the world's largest investment banks to give their issuer clients a real-time view into the order book, roadshow meeting schedule, virtual roadshow viewership details, and a host of deal-related documents – all through a convenient tablet and phone-based mobile application.
Carl Lukach, Chief Financial Officer at Univar, was the first issuer client to use the new Issuer View mobile application as part its $770MM IPO last year. Issuer View was provided by Deutsche Bank, an Ipreo Equity Bookbuild customer. "We worked so hard on our IPO roadshow, and Issuer View made a direct visible connection between our one-on-one meetings and the order book," said Lukach.
Highlights of the Issuer View mobile app include:
- Updated design for truly mobile look and feel and functionality
- Real-time view of roadshow schedule and deal progress via detailed order book
- Integration of Ipreo's world class Bigdough data for ownership, peer holdings, and profile information
- Integration with Ipreo's RoadshowAccess platform to provide statistics and details of investors' viewership of virtual management presentations
- Integration with Ipreo's industry-leading investor relations platform, BD Corporate
- Desktop-compatible solution available
The Issuer View mobile application is the newest module in Ipreo's Equity Capital Markets platform. The release of the new Issuer View mobile app is just one indication of the significant expansion that Ipreo's Equity Capital Markets business has seen over the past year. Currently 83.5% of equity new issuance (including IPOs, follow-ons and convertible bonds) in the U.S. is run over Ipreo's systems, with strong momentum in Europe and Asia as well. The most recent addition to Ipreo's client roster is Goldman Sachs who recently signed an agreement with Ipreo to implement its equity bookbuild software globally. Goldman expects to roll it out in 2017.
"We continue to invest heavily in our new-issuance systems to ensure we not only keep up with the increasing scale and complexity of deals but also bring innovative enhancements to market that facilitate our clients' workflow and communications," said Bill Sherman, EVP and Managing Director of the Global Markets Group at Ipreo. "The growth we're seeing in both the number of clients and the volume of issuance on our systems is a clear indication of our momentum."