Mr. Paul Mampilly, a former hedge fund manager, and investor recently published an article explaining the ongoing trends on Wall Street that have seen a majority of businesses resist going public. This, according to Paul, is due to the high costs associated with conducting an Initial Public Offering. Experts at PricewaterhouseCoopers, a prominent business consultancy firm revealed that investment banks and brokerage firms charge an IPO fee averaging at around 5% – 7%. This basically means that investment bankers and brokerage companies receive upwards of $70 million in fees from an Initial Public Offering worth $1 billion.
Introducing the Revolutionary Innovative Initial Coin/Token Offerings
In realization of this fact, businesses have come up with more cost-effective ways of going public. Now, a company can offer an initial/token offering. Initial Coin/Token Offering are basically cryptocurrencies that have been developed by a process of digitizing company assets for the purpose of public trading. A common example/type of cryptocurrency that has been around for a while now is the Bitcoin. When Initial Coin/Token offerings are used by businesses for the purpose of trading in stocks, fees charged by investment banks and brokerage firms is reduced tremendously.
Paul Mampilly is of the opinion that these new financial sector developments are indications of how a future investment environment will look like which in every sense of the word is totally different from the current concepts and traditions as we know them. This is one of the reasons why Paul has made a conscious and deliberate decision to spend his valuable time to gather pertinent information about such trends and then publishes them in his newsletter, Profits Unlimited.
Who is Paul Mampilly?
Since 2016, Paul Mampilly has been serving as the senior editor at Banyan Hill Publishing. He is passionate about helping everyday people grow their fortunes by wisely investing in stocks, technology, and other special opportunities. This is one of the reasons that compelled him to start his own newsletter where he provides his expert opinions and investment advice on a wide range of money matters.
Paul Mampilly started his remarkable career on Wall Street almost 3 decades ago at Bankers Trust. He was serving as an assistant portfolio manager at Bankers Trust. Owing to his impressive performance, Paul quickly rose up the ranks to hold important positions at various firms of repute such as the Deutsche Bank and ING managing multi-million dollar accounts.
About Paul Mampilly: ezinearticles.com/expert/Paul_Mampilly/2255814