Marlborough, MA (PRWEB) March 12, 2007
Enalyzer A/S became the first company to sell shares online directly to the public in their initial offering in February 2007 using the cTrade LEAN-IPO service developed by cBrain.
The online sale of shares started February 1, 2007, at 9 a.m. and within 24 hours, all 640,000 shares offered for the online sale were sold out. Additional shares were sold using traditional methods and shares began trading on the First North exchange February 13, 2007.
Enalyzer A/S -- http://www.enalyzer.com -- were able to welcome more than 1,000 new shareholders.
The LEAN-IPO software solution was developed by cBrain and a modified version is now being offered as a general service to private companies that wish to be publicly listed without the cost of a traditional IPO.
The LEAN-IPO service is currently available for listings on the Copenhagen exchange http://www.omxgroup.com/nordicexchange as well as the First North exchange. A Danish language version is available at http://www.lean-ipo.com.
Challenging traditional thinking the IPO service is not backed by an investment bank. The cost of the cBrain IPO service has therefore been greatly reduced compared to a traditional IPO. The service is referred to as "LEAN-IPO".
Investors can sign up and become pre-registered for upcoming IPO and thus be sure to be able to participate in the initial offerings before the stock is traded on the exchange. Once signed up it is easy to buy stock on a "first-come-first-serve" basis.
It must be noted that the LEAN-IPO service is a hosted Internet service. When a company offers shares for sale using this service, that company is responsible for adhering to the regulatory compliance for the particular exchange where the shares will later be traded.
cBrain's customers include Sonofon, Carlsberg, PricewaterhouseCoopers, Ernst & Young, HP, Danish Ministry of Taxation, Ministry of Interior and Health, Danish National Space Center, The Danish Social Democrats and many other private and public organizations.
About cBrain Technology
cBrain delivers individualized Business Process Management (BPM) solutions to a variety of business segments, non-profit organizations, governmental agencies and municipalities. The software solutions are composite applications based on SOA architecture (XML and Web Services) seamlessly integrated with existing systems and infrastructure.
cBrain is a pioneer in regulatory compliance where project portfolio management, collaboration and document management converge.
cBrain's design methodology and extensive XML component library produces composite applications that are tailored to support the exact needs and roles of the people involved in the business process knowledge sharing.
For more information, please contact:
Poul J. Hebsgaard