Open Platform - What Future for Online IPOS?

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By 2005, a third of all IPO shares will be allocated electronically.

It has been over three years since the online initial public offering of Spring Street Brewing Company and the emergence of the first online investment bank made headlines as supposed signs of the next generation of investment banking. Their Internet-focused business models were expected to correct many of the inefficiencies of the traditional IPO process.

The IPO business models of the first online investment banks were sound

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