VCs to Public Market: You’ve Got Great PIPEs, Baby

Hard hit by Wall Street’s collapse, devauled public companies are proving too irresistible for VCs to ignore.

“We’ve seen a dramatic uptick in interest by venture capitalists in small cap issuers,” says Steve Fletcher, a managing director at GCA Savvian in San Francisco, who says his investment bank began receiving “many more calls” from VCs beginning in November and December.

“Especially in life sciences, biotechnology, and the IT space, we’ve seen a proliferation of venture firms, coming to us and saying, ‘We’d love to see the PIPES you’re doing,” says Mark Weissman, vice president of equity capital markets at the investment bank Jeffries & Co. “We’ve done at least a dozen PIPE deals involving VCs in recent months.”

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget