Barclays, Citigroup, Goldman Join in Backing IPO Platform CMG

Capital Markets Gateway, a technology platform that facilitates equity capital market transactions, has raised a new round of financing from top Wall Street banks and investment firms.

CMG said it received a $25 million investment from Barclays Plc, Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley, along with Fidelity Investments. Existing investors Canaccord Genuity, Franklin Templeton, StageDotO and Shea Ventures also participated in the round, according to a statement Thursday.

CMG said its platform will connect underwriters, buyside investors and sellers in transactions including initial public offerings. The company, ...