Osaka, Japan, July 06, 2019 –(PR.com)– Not a company to rest on their laurels Wellving Asset Management have identified what could be the next investment vehicle for their clients.
It comes in the form of an IPO. IPO stands for initial Public Offering. In other words, it is a new issue of stock offered for sale to the public. When companies first start out, the shares are held privately. At some point, a majority of the owners decide they want to sell off a portion of the company to the public in return for cash.
Director of Portfolio Management Robert Russo Had this to say on the situation: “Of course at this stage W.A.M have to remain tight lipped about it as it has not been given the green light by the analytical department yet.
“It is very close though and there is a confidence and excitement around the office regarding this particular IPO, what can be said at this stage is that it is in the energy sector and this is going to be huge!”
This wont be the first time Wellving Asset Management have been involved in An IPO of this nature having previous success in the past, in fact Wellving Asset Management offer a number of IPO services they also often act as a broker for smaller IPO’s usually in the Asia Pacific area and when these IPO’s become available they will often offer them to their clients.
Vice President Finnagan Meyer had these very simple words “Watch this space,” Very defiant words from the VP and sure to stir up the financial world.
Published at Sat, 06 Jul 2019 07:00:00 +0000