VC-Backed IPOs Outperform Market

March 28, 2011

Venture-backed companies outperformed the market by 4.2 percent over 500 trading days, according to research conducted by the European Private Equity and Venture Capital Association (EVCA). The study shows that VC-backed companies floated on the stock exchange ‘significantly outperform other IPOs’.

Read the rest of this entry »


Investors Get Tougher on Private Equity Funds

March 28, 2011

It isn’t exactly news that private equity investors want returns. After all, that’s why they commit their capital to these vehicles. As the market recovers from the 2008 and 2009 depths of the global financial crisis, expectations have risen, and alternative investment research firm Preqin reports that demands on private equity portfolios are now “higher than ever before relative to public markets.”

Read the rest of this entry »


SEC Likely to Bar Future Facebook-Style Transactions

March 28, 2011

Do you think the Goldman Sachs/Facebook deal was too good to be true? Let’s face it: finding a way to give your best investors $1.5 billion in access to the hottest pre-IPO company in the market is pretty amazing. And since “too good to be true” is usually followed by “not for long,” the SEC is already taking a look at whether the disclosure rules for privately held firms need to be rewritten, according to the Wall Street Journal.

Read the rest of this entry »


Are Goldman Sachs and Facebook Trying to Sidestep Securities Regs?

March 28, 2011

It’s a sweetheart deal, really. Goldman Sachs is said to be raising $1.5 billion for Facebook, the NY Times reports, by creating a vehicle in which select high-net-worth investors can participate. This accompanies a $450 million investment by Goldman Sachs and $50 million from previous investor Digital Sky Technologies.

Read the rest of this entry »


Where the IPOs Are … and Where They Are Going

March 28, 2011

Is the United States still the global leader in the IPO market? Yes, but that could be changing. The latest data from KCSA Strategic Communications—which surveyed 50 securities attorneys—shows that the U.S. share is declining.

Read the rest of this entry »


LinkedIn Files for IPO!

March 27, 2011

Now, we know which social media company is going first. After more than a year of speculation about Facebook’s liquidity ambitions and whether Twitter would fall prey to a deep-pocketed acquirer, the smaller, quieter and likely better-managed LinkedIn has announced plans for an IPO.

Read the rest of this entry »