Peterevans launches online application service for Royal Mail IPO

Source: peterevans

peterevans, provider of front-to-back office trading and processing technology, today launched its Online Application Service for new issues. This service will enable regulated investment firms to efficiently process applications in the Royal Mail share offer.

With the service, any broker and investment manager can easily participate in the share offer for Royal Mail. It provides a straightforward application process for both existing and new clients. Firms can therefore be fully prepared for any level of investor interest, without having to make any changes to their current operations.

The Online Application Service is available online and fully customised on a white-labeled basis, thus minimising implementation time and effort. peterevans hosts individual websites for each firm using the service, through which their clients can then directly apply for the shares. Firms are also able to collect registrations over the phone and to implement a fully outsourced telephone application solution. The service is available to all firms on a very cost effective basis.

To realise the Online Application Service, peterevans worked very closely together with Goodacre UK, a leading business consultancy which specialises in supporting firms in the securities industry. The service has been developed using feedback obtained through Goodacre's research of regulated investment businesses involved in new issues.

The offer period is expected to start in two weeks' time, when investors can apply for Royal Mail shares.

Mike Foley, Managing Director for peterevans said, "The Online Application Service is a very simple and hassle-free service for brokers to have a system in place that is flexible and copes with any investor demand. We anticipate that the Royal Mail IPO will be one of several new issues in the coming months, which makes it even more crucial for brokers to work with fully flexible operations, and without having to change their operational infrastructure."

Stephen Pinner, Managing Director for Goodacre UK added, "It now seems that the market for new issues is likely to become far more active over the next few months and the level of investor activity and demand for shares is likely to pick up. Wealth Managers and stockbrokers can now satisfy the demands of their clients by using the Online Application Service without committing significant resources to each new issue. The peterevans service offers private clients a straight-forward way to easily take part in IPOs."

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