OpenIPO refers to a model of initial public offerings (IPOs) that aims to make the process of going public more accessible and equitable for a broader range of investors. The concept of OpenIPO was developed to counteract some of the traditional IPO practices that can privilege institutional investors over individual retail investors. Essentially, OpenIPO allows retail investors to participate in IPOs that were previously mostly available to institutional investors, thus democratizing access to investments in newly listed companies.
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