PeHUB took a look at this year’s 18 venture-backed IPOs to see where the action has been. Its analysis shows that companies trading above their IPO price greatly outnumber those that have sunk below it. The score is 12 above to six below.
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Networking technology company Cyan posted flat first-day performance in its Thursday IPO. But the offering still stands to deliver moderately positive returns for venture backers, including Norwest Venture Partners and Azure Capital.
(Reuters) – Shares of Evertec Inc. rose as much as 10 percent in their market debut, valuing the payment processor at $1.75 billion. Apollo Global Management LLC, which acquired it from Puerto Rican lender Popular Inc. in September 2010, held a 51 percent stake in the company prior to the IPO.
Pity the research analyst. In the 79 years since the 1934 publication of Benjamin Graham and David Dodd’s Security Analysis, no other job on Wall Street has been characterized by more reputational and financial volatility.
Venture-backed IPOs ended 2012 on a slow note with eight deals completed during the fourth quarter in the United States, leading the full-year to look quite similar to 2011.
With nearly 11 months in the record books, 2012 stands out as the year of the enterprise and IT-related venture-backed IPO. Enterprise- and IT-related deals make up 40% of this year’s venture-funded initial public offerings, according to a peHUB analysis.
In their latest report on the long-term ills affecting the IPO markets, David Weild and his co-authors laser lock on market structure and persuasively argue in a series of Grant Thornton white papers that increasing “tick” sizes will restore capital formation, jobs and investor confidence. Tick sizes? Yes, they’re talking about tick sizes (i.e., the minimum increment in which a stock can trade) and they’re right.
Venture-backed companies mature enough to sell shares to the public haven’t been rushing the door. Only 10 companies have floated shares since the start of May. But those that have enjoy pretty good results.
Renaissance Group CEO Says Investment Banking Industry Is “Hugely Oversized,” Mid-Size Banks Face “Killing Zone”
Investment banking faces a shakeout and only large commercial players and boutiques offering outstanding service will survive and prosper, the head of emerging markets banking specialist Renaissance Group told Reuters.
Cambridge Associates reports that limited partners received $93.6 billion from U.S. buyout funds in 2011, the largest annual amount it has recorded since it began tracking the data in 1986. Will the record distributions continue this year?