Private Investments and Barry Schneider

Loyal Holdings Inc.: Shaq, as he known to the world, said that while private investments are rare for him, he was struck by the company aim of fee-free trading and wide access to IPOs after meeting Loyal3 CEO Barry Schneider, according to Market Watch. Unlike in a typical IPO distribution, where buyers are hand-picked by bankers and the sellers, the shares sold through Loyal3 are made available on a first-come, first-serve basis to the companies’ customers or the general public, in amounts ranging from $100 to $10,000. The legendary NBA big man has made an investment in tech startup Loyal3 Holdings Inc., a San Francisco brokerage firm whose website and mobile app enable companies to sell a piece of their IPOs directly to small investors looking to put as little as $100 to work. In the past three years, Loyal3 has ridden a strong IPO market to sell a small portion of the shares in 13 initial offerings and follow-on offerings, including those of action camera maker GoPro Inc. VA, +1.43% , theater chain AMC Entertainment Holding Inc. GPRO, +2.61% , airline Virgin America Inc. (news.financializer.com). As reported in the news.