National Discount Brokers Offering IPOs
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The agreement makes NDB part of Wit's E-Syndicate and will allow qualified NDB customers to get a share of IPOs offered through Wit Capital.
The company said it expects to begin offering IPOs in the first quarter of 1999. NDB customers will be awarded shares on a first-come, first-serve basis.
"Our agreement with Wit Capital adds an important new feature to NDB and will make IPOs more accessible to individual investors," said Neville Golvala, managing director of NDB.