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Posts Tagged ‘ipo’

Funds, REITs Eye IPOs for Capital

Posted in Board Of Intellectual Capital, Housing market, Investments, Market research, tagged , , , , , , , , , , on August 11, 2009| Leave a Comment »

Here is an article from Globest.com in regards to possible IPO opportunities.

“LOS ANGELES-Earlier this summer, locally based Colony Financial Inc. filed a registration statement for a $500 million IPO. This organization, experts tell GlobeSt.com, is one of many REITs and opportunity funds that will tap the public markets for liquidity to buy distressed and other assets during the next 12 to 18 months.

Ernst & Young’s Howard Roth with the company’s New York City office points out the market hasn’t seen a flood of fund and REIT public offerings. Nor has Craig Silvers, who is president of Bricks & Mortar Capital, which operates on the other side of the country, in Los Angeles. But both agree that it’s coming.

“Right now, we’re seeing a raft of registrations for mortgage REITs,” Roth says. “During the past six weeks, we’ve seen close to 25 registrations. This is clearly a trend right now. And it’s clearly an avenue that sponsors believe they can take advantage of.”

“Registrations, of course, don’t necessarily mean automatic initial public offerings. Silvers points out that the opportunity funds are definitely being formed to buy distressed assets. Whether they go public or not is a different matter. But it’s becoming a viable alternative.”

In the real estate market earlier this year, a lot of private companies got into trouble,” Silvers says. “The private ones had to liquidate their assets and declare bankruptcy because they couldn’t raise private capital.” However, funds and REITs going public “can tap the public markets for cash whenever an acquisition opportunity comes up,” Silvers remarks.

Roth points out that the benefits of going public include better access to capital and stronger discipline when it comes to accounting, operations and management. Then there is the transparency issue in that investors would know what they’re getting into when they put their money in the stock.”

Read the full article here.

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Six Year Low For Venture-Backed Liquidity, Despite IPOs

Posted in Board Of Intellectual Capital, Business models, Economy, Intellectual capital, Investments, Market research, Venture Capital, tagged , , , , , , , , , on July 2, 2009| Leave a Comment »

Here is a story I picked up at DowJones VentureSource;

“Dow Jones VentureSource is reporting today that Q2 of this year was “one of the worst” ever for venture capital backed firms, in terms of liquidity, since early 2003. According to Dow Jones, there was only $2.8 billion in exits for the quarter, including both mergers and acquisitions and IPOs, down 57% from last year’s numbers. Dow Jones said there was $2.57 billion in mergers and acquisitions of 67 companies in Q2, down from $6.48B and 89 transactions in Q2 of 2008. The three venture-backed IPOs on the market raised $232M. In terms of valuation, VentureSource reported the median amount paid for a venture-backed company in Q2 was almost $22M, down from $41M from the comparable period in 2008″


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Facebook Names Genentech Veteran as CFO – IPO plans may be looming

Posted in Board Of Intellectual Capital, Business models, FaceBook, Investments, Market research, Social Networks, Technology, Venture Capital, tagged , , , , , , , , , , , , , , , on June 30, 2009| Leave a Comment »

As Facebook secured some investments earlier this year, and invested it towards international growth, the latest news spark renewed IPO rumors.

Of course, no one knows, but the hiring of a CFO from a larger corporation is nothing you do unless you have greater plans. First and foremost, it costs you a bunch of money, secondly, the demands this person has on you by his experience will force the structure needed upon you.

The biggest challenge remains though – to create profitability.

Here is a quoted article from BusinessWeek.

“In April, when Facebook announced the departure of Chief Financial Officer Gideon Yu, the social network said it would look for a replacement “with public company experience.” Facebook found what it was seeking in David Ebersman, a 15-year veteran of biotech pioneer Genentech (DNA).

“David [Ebersman] worked at one of the most innovative and respected [companies] in the world, so he brings a lot to the table when it comes to our efforts to build a lasting, important company,” Facebook spokesman Larry Yu says of the appointment, announced on June 29.

Ebersman’s appointment keeps alive speculation over whether and how soon the world’s biggest social network is headed for an initial public share sale. “We have no plans to go public,” says spokesman Larry Yu. Facebook CEO Mark Zuckerberg was quoted in May saying an IPO remains “a few years out.”

Ebersman, 38, served as Genentech’s CFO for the four years leading up to its $46.8 billion sale to drug giant Roche Holding (ROG) in May. In Facebook’s press release, CEO Mark Zuckerberg noted that under Ebersman, Genentech’s revenue tripled. Zuckerberg envisions high growth for his company as well, saying sales will rise 70% this year. (eMarketer has projected that Facebook’s revenue will grow 20% this year, to $300 million.)”

Read the full article here.

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CleanTech IPO candidates – Tesla, Silver Spring Networks, and possibly Solyndra will go public by the first quarter of next year!

Posted in Board Of Intellectual Capital, Business models, Intellectual capital, Investments, Market research, Strategy, Venture Capital, tagged , , , , , , , , , , , , , , on May 25, 2009| Leave a Comment »

Here is some optimistic news on the economic crisis blues – Steve Westly goes out on a limb and predicts some IPO´s on the CleanTech sector horizon.

The story is by way of Reuters.

“Initial public offerings as of late have been about as common as celebratory banquets for Wall Street bankers. Last week, however, after some nine months of an IPO drought, two venture-backed startups, software maker SolarWinds and online restaurant reservation system OpenTable, broke the mold and went public. Neither was a cleantech firm, but the news was a positive sign for cleantech investor Steve Westly, managing partner of Menlo Park, Calif.-based venture firm The Westly Group. Westly tells us he sees a changing appetite for companies going public, and he predicts that venture-backed cleantech IPOs will happen by early 2010.

“I’ll go out on a limb -– Tesla, Silver Spring Networks, and possibly Solyndra will go public by the first quarter of next year,” he said in an interview. “I say this because all three of these companies in 2008 did between $10 million and $15 million in revenue, and in 2009 they will do over $150 million. When a company has 10x growth, that is a company you can take public.” The Westly Group has invested about $50 million into cleantech startups, including some $5 million in electric car maker Tesla. It has not backed smart grid startup Silver Spring Networks nor thin-film solar manufacturer Solyndra.”

The article concludes:

“Stephen Simko, solar analyst for Morningstar, still thinks it will be difficult for a solar company to IPO in this market. Solar panel supply far outstrips demand today, and financing for projects is difficult to access. “If lending thaws and the U.S. solar market starts to rise that will lead to the conditions necessary for companies to improve profit and that might lead to IPOs,” he said. “But only the best of breed will be considered.” Solyndra declined to comment for this article.

Of course, it might not be any of these three startups that make headlines as the first cleantech IPO after the drought. First Wind, a wind energy developer, and lithium-ion battery maker A123 Systems both filed for IPOs in late 2008. While the filings don’t necessarily mean they will go public, it at least means executives at the firms have their eyes on that prize.”

Read the full article here.

Others covering this story includes: Earth2Teach and Business Insider.

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The “Crisis” In Venture Capital

Posted in Gerbsman Partners, Intellectual capital, Market research, tagged , , , , , , , , , , , , on July 10, 2008| Leave a Comment »

Erick Schonfeld at Techcrunch recently posted a good article on the state of venture financing.

There were no venture-backed IPOs in the second quarter, and M&A deals are down. The last time there were no VC-backed IPOs in a quarter was in 1978. The liquidity drought for venture-backed startups is so bleak that the National Venture Capital Association is calling it a “crisis.” Last quarter there were only 5 IPOs that brought in a piddling $283 million. That compares to 43 IPOs during the first half of 2007 that brought in $6.3 billion.

Click here to read the full article on Techcrunch.

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