TAG Holdings Announces Investment in ClickIPO Holdings
Former U.S. Attorney General John Ashcroft to Join the Board of Advisors
Scottsdale, AZ, USA – Jan 18, 2017: TAG Holdings has made a strategic equity investment in ClickIPO Holdings, LLC, the holding company for ClickIPO Securities, LLC (FINRA-registered Broker-Dealer), and owner of the ClickIPO technology platform. ClickIPO Securities seeks to aggregate hundreds of thousands of retail investors through an app that will give them access to Initial Public Offerings (IPO) and Secondary Offerings. The app is scheduled for launch in mid-2017.
IPOs have traditionally been difficult to access for most retail investors… With the advent of modern technology, this no longer needs to be the case.
John Ashcroft, Chairman of TAG Holdings
As part of the investment, former US Attorney General and Chairman of TAG Holdings, John Ashcroft, will join the ClickIPO Holdings Board of Advisors where he will assist the FinTech start-up with strategic partners, and advise management on regulatory and compliance issues.
Currently, the majority of IPO allocations go to large institutions and to the well-connected.
“IPOs have traditionally been difficult to access for most retail investors,” said Ashcroft. “With the advent of modern technology, this no longer needs to be the case. We believe ClickIPO has developed an innovative technology and business model that benefits the underwriters, issuers, and investors, as well as the brokerage firms.”
The ClickIPO app will be the world’s first app (Android and IOS) that fully-automates the IPO and Secondary Offering process for US-based offerings. Anyone can download the app for free and begin to browse offerings. To express interest and purchase shares, the user must connect the app to a supported brokerage account. ClickIPO will support a number of brokerages at launch, and will release many new brokerage integrations throughout 2017. Eventually, the ClickIPO app will feature all IPO and Secondary Offerings, underwritten by major underwriters. An actual IPO share purchase will not cost the user any brokerage fees.
A key differentiator is that the ClickIPO app is designed to attract retail investors with buy and hold behavior.
“The ClickIPO proprietary allocation process is specifically designed to discourage IPO flipping which has been an ongoing problem for underwriters,” said Scott Coyle, Chief Executive Officer of ClickIPO Holdings. “This is not a platform for IPO flippers or day traders. We attract everyday retail investors, who naturally buy-and-hold shares. We have created a scoring algorithm to rate each investor, similar to a credit score. Allocations are determined based on an investor’s score, with buy and hold behavior being the largest scoring factor.”
Users can join the Waitlist today at ClickIPO.com. As ClickIPO Securities moves into Open Beta, those on the Waitlist will be slowly invited to use the platform.
“Ultimately, our business is about bringing value to Underwriters, Issuers as well as the everyday investor,” said Coyle. “By creating a large liquidity pipe, attracting buy and hold investors, and supplying data and insights, we create a utility that makes retail distribution valuable, easy, and safe.”
About ClickIPO Securities
ClickIPO Securities, LLC, (“ClickIPO”) is a FINRA Member broker-dealer and creator of the mobile-first ClickIPO platform designed to give Individual Investors access to hundreds of IPOs and Secondary Offerings each year. It will be the first to aggregate thousands of Individual Investors onto a single platform, where they can place conditional purchase orders for IPO and Secondary Offering shares through a first-of-its-kind app that integrates with their existing brokerage accounts. Our technology gives underwriters unprecedented insight into investor behavior through data and the app’s “ClickIPO Investor Score”, making retail distribution as easy as dealing with institutions. Built directly into the app, our proprietary scoring system identifies “Buy-and-Hold” investors who demonstrate a history of buying and holding shares for 30 days or more before selling and rewards them with allocation priority and, likewise prevents “IPO Flippers” from receiving allocations. Brokerage firms are able to leverage the ClickIPO platform, that will be appealing to a growing number of their customers who want a way to participate in the IPO and Secondary Offering market.
The ClickIPO app is currently in private testing. Its Closed Beta phase is expected to launch in second quarter 2017. Users can join the wait list today at www.clickipo.com. Email [email protected] or follow ClickIPO on Twitter, Facebook and LinkedIn for more information.
About TAG Holdings
TAG Holdings LLC, founded by former U.S. Attorney General John Ashcroft and David Ayres, invests in early-stage business ventures with market-disrupting technologies and innovative management teams.
Risk of Investing in Initial Public Offerings (“IPOs”)
There are specific risks in investing in an Initial Public Offering (“IPO”). Among other things, the stock has not been subject to market valuation. Those risks are described at length in the prospectus, and we urge you to read the prospectus carefully to understand those risks before investing. An IPO is the first sale of stock by a private company to the public and may not be suitable for all investors. IPOs are often issued by smaller, younger companies seeking the capital to expand, but can also be done by large privately owned companies looking to become publicly traded. IPOs are a risky investment. For even experienced investors, it can be difficult to predict what the stock will do on its initial day of trading and in the near future because there is often little historical data with which to analyze the company. Also, most IPOs are of companies going through a transitory growth period, which are subject to additional uncertainty regarding their future values. Read more information regarding the significant risks associated with investing in IPOs.
ClickIPO Press Contact
ClickIPO Securities, LLC
Gainey Office Center I
8601 N. Scottsdale Road, Suite 335
Scottsdale, AZ 85253
Email: [email protected]