World's Wildest 2,200% Public Offerings Come From Tiny New Jersey Broker
Network 1 Financial Securities Inc.has underwritten six US microcap IPOs this year that surged by an average 2,190% on their first day of trading.
Source: ndtv.com
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Wall Street's mysterious 2 200% IPOs come from tiny N.J. broker
Of Network 1’s 49 deals for stocks that are still trading since 1995, 17 are trading 80% or more below their offer price.
Source: moneyweb.co.za
Wall Street's mysterious 2,200% IPOs come from tiny N.J. broker
Network 1 Financial Securities focuses on micro-cap companies in China and Hong Kong, where financial data is opaque.
Source: financial-planning.com