Paul Mampilly recalls back in the days when he visited the New York Stock Exchange in the year 1989 as a college student. With the other financial club members, they were cordially welcomed ready to experience the electrifying action on the exchange floor. Back then, people used phones to place their orders. Investors used portable devices to monitor their investment. When the opening bell rang, expert Paul Mampilly recalls everyone screaming and whole floor was in disarray. That was before the computer age. Today, the American investor believes that the gracious and celebrated days of Wall Street are vanishing into oblivion.
A large number of investors are either using computers to place trades or middlemen who use complex computer software. Paul Mampilly says that; Wall Street is today filled Lawyers auditors and investment bankers with a main agenda of selling stock. Anyone willing to participate in the action will have to fight through a complicated network. PwC consulting business states that investor banks charge a fee when IPO are initiated ranging from 5% to 7%. According to SEC, IPO fees equals to $3.7. It is becoming costly to be a publically traded company. The number of IPOS is significantly diminishing. In fact, only 31 companies 2008 and 105 in 2016 were publically traded as IPOs. Business owners now have a new alternative for selling shares to the public in place of an IPO.
Instead of an IPO, Initial coin commonly known as crypto-currency can be used. For instance, bitcoins is a form of crypto currency that people can trade with and own. When using crypto currencies to sell stock, fees are drastically reduced. Compared to the steep IPO fees investment banks charge initial coin/token offering can be purchased for as low as$100. It is for this course that Paul Mampilly no longer offers customary Wall Street stocks as part of his outstanding services. Instead he is looking for new companies that will reap from current technological innovation within the financial setting including the block chain tech, initial coin/token offering, and mobile payments. Paul Mampilly is an American investor and a senior editor at Banyan Hills publisher.
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