Exchange Data International Launches Worldwide Initial Public Offering Database

Exchange Data International launches a new, highly customisable International Public Offering service - an tool essential in the work of investment banks.

London and New York, March 13th, 2006, Exchange Data International (EDI), the premier provider of high-quality, accurate international securities data, has launched the Worldwide Initial Public Offering (IPO) Database. The new service allows investment banks to prepare in advance for forthcoming IPO transactions, keep tabs on recently launched issues and compete effectively in the marketplace.

Before listing their shares on a stock exchange, companies typically offer them to the public and/or institutions through an IPO. Investment banks' back offices need to know which companies have declared their intentions to go public so that they can set up the issue in their reference databases. Corporate Finance departments need this information so they can advise on the IPOs and consummate the deals.