FractionWare effectively combines the buyers' interest into a single purchase order large enough to satisfy the seller's desire to sell in bulk. Reverse auctions in which the buyer posts the auction are among the other auction alternatives with FractionWare . IPO Manager IPO Manager is a web-based system for effecting the auctioning of new issues over the Internet. The system allows an underwriter to post a new issue and users to place expressions of interest in the form of bids. Unlike other auction systems, IPO Manager employs Collectivebid s proprietary FractionWare software platform and proprietary methodology that facilitates expressions of interest for new issues.
Underwriters are able to post an auction or straight expressions of interest of a new issue.
Users of the system are then able to bid on fractions of the new issue. Bids then aggregate in the system and the new issue is then closed based on parameters set by the underwriter. By utilizing the power of aggregation harnessed in this product, the underwriter would then be able to gauge the demand for the new issue and would have the ability to price the new issue accordingly. The system has been designed to handle a variety of auctioning methodologies, including ones proprietary to Collectivebid. Collective Systems IPO Manager is a flexible and fully customizable solution.