MCLEAN, Va., June 27, 2017 /PRNewswire-USNewswire/ -- VIA Folio is pleased to announce that it has processed the closing of Myomo's Reg A+ IPO, the first of its kind to be traded on a national exchange.
"We are pleased to be the clearing broker-dealer for Myomo's Reg A+ IPO, supporting TriPoint Global Equities/BANQ, who acted as underwriters and managers for the offering. Folio's integrated, online brokerage, custody and clearing platform has processed hundreds of subscriptions for Myomo's first closing," said Blaine McLaughlin, chief operating officer of VIA Folio. "We congratulate the Myomo team for bringing the first Reg A+ IPO for trading on a national exchange."
VIA Folio worked closely with TriPoint Global Equities/BANQ, four other clearing firms, 11 introducing broker-dealers, the DTCC, V-Stock Transfer and many others to process the closing.
"The Myomo offering was pioneering, and sets the stage for small-cap issuers to access the capital markets in the modern age of U.S. capital formation," said Mark Elenowitz, CEO of TriPoint Global Equities. "We are pleased that VIA Folio could contribute to the convergence of Wall Street meeting Main Street."
Alternative investing platforms, such as ALTZ Investment Strategies, BANQ, Boustead Securities and Cambria Capital, have chosen to work with VIA Folio to attract investors and to widen access to alternative assets such as Reg D private debt and equity, private funds, unlisted REITs and Reg A+ IPOs. In addition, these platforms and private issuers have used Folio's innovative brokerage platform to conduct many escrow-less closings. (Read more here.)
McLaughlin added, "VIA Folio understands the intricacies of Reg A+ offerings, having recently supported closings for Keystone Solutions, HC Government REIT and Medalist Diversified REIT. Also, we are working with the issuers of several other Reg A+ offerings that are still in the SEC qualification process. We look forward to working with more issuers and intermediaries to help raise capital for innovative companies."
About VIA Folio
VIA Folio powers the offering process, subscription, closing, custody, and distribution of alternative assets such as private debt and equity, REITs, IPOs and hedge funds. We make it possible for advisors and investors to create more diversified portfolios by holding multiple alternative and publicly traded securities in a single taxable or tax-deferred brokerage account. www.viafolio.com
This communication is for information purposes only and should not be regarded as a recommendation of or an offer to sell or as a solicitation of an offer to buy, any financial product. Financial products listed on our sites are only available to residents in the states where those products are registered. Offerings of securities on our sites are only suitable for investors who are familiar with and willing to accept the risks associated with those investments. Investors must be able to afford to lose their entire investment. Non-exchange traded securities are not publicly traded and are intended for investors who do not have a need for a liquid investment. There can be no assurance any security valuation is accurate, reflective of future sales prices, or in agreement with any market or industry valuations. Additionally, investors may receive restricted securities that may be subject to holding period requirements. A well-diversified portfolio can include different types of investments. How you invest is based on your tolerance for risk, the length of time you have to reach your financial goals, your specific interests and needs and other factors. Companies seeking investments are often in earlier stages of development and have not yet been fully tested in the public marketplace. Investing in non-exchange traded securities requires high risk tolerance, low liquidity requirements and long-term commitments.
©2017 FOLIOfn, Inc. All rights reserved. Securities products and brokerage and clearing services are offered by Folio Investments, Inc., a registered broker-dealer and member FINRA/SIPC.
SOURCE VIA Folio
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