LONDON (Alliance News) – Teathers Financial PLC said Tuesday that the first initial public offering has been offered through the Teathers App.
The IPO is of Leni Gas Cuba Ltd, a company focused on developing projects or businesses with connections to or relationships in Cuba, via Shard Capital Partners LLP. Last week, Teathers invested GBP100,000 in Leni Gas Cuba.
The application is operated by Teathers’ fully owned subsidiary, Teathers Financial Software Ltd.
“The launch of the first IPO through the Teathers App is a milestone achievement not only for TFSL, but also for private investors who for the first time will be able to invest in such an opportunity via a mobile application, at the same price levels as institutions,” said Executive Chairman Jason Drummond in a statement.
“We believe that this will be the first of many transactions available through the Teathers App, that have been sourced by Shard Capital and we are hopeful that as TFSL begins to roll out its white label strategy, private investors will have access to further deal flow from an array of brokers across the city,” Drummond added.
Leave a Reply
You must be logged in to post a comment.