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Online broker announces IPO

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By Reporter
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1 minute read

SelfWealth has announced the release of 37.5 million shares, with hopes its initial public offering will raise $7.5 million.

The company – which provides flat-fee brokerage and a social network for investors – has issued 37.5 million shares at $0.20 per share, and will open an IPO with a minimum subscription of $5 million.

It says it is at the cutting edge of integrating artificial intelligence and cloud computing with investing and that an IPO will allow it to boost its “marketing and advertising” efforts.

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“With our two-tier offering, targeting the country’s growing number of self-directed investors, we are uniquely positioned at the forefront of this second evolution with our differentiated technology portal,” said SelfWealth founder Andrew Ward.

The announcement follows a deal signed with established regtech provider BGL aimed at the self-managed super market.

Online broker announces IPO

SelfWealth has announced the release of 37.5 million shares, with hopes its initial public offering will raise $7.5 million.

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