This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Deal Reports PIPE Market Surges 42% In First Quarter

NEW YORK, April 28, 2014 /PRNewswire/ -- The Deal, TheStreet's (NASDAQ:TST) institutional business, has issued a quarterly report that shows the small-cap and microcap equity financing companies returned in force to the private-investment-in-public-equity (PIPE) market in the first quarter, as the number of PIPEs increased 42.1% to 344 worth $14.2 billion from 242 worth $10.3 billion in the same period of 2013.

The Deal logo


"The increased activity was helped by a rising stock market and a slowly improving economy and increased investor appetite for risk," said Dan Lonkevich, Senior Editor for The Deal.

Some highlights from the report include:
  • This was the most active first quarter for PIPEs since 2007 – before the financial crisis and Great Recession – when 391 PIPEs raised $12.3 billion.
  • The number of unregistered PIPEs increased by 58% to 226 deals worth $6.35 billion from 143 worth $2.78 billion, a year ago.
  • Registered direct offerings increased by 19.2% to 118 worth $7.89 billion from 99 worth $7.5 billion. Of those, 42 were confidentially marketed public offerings (CMPOs) that raised $1.8 billion. That compared with 28 CMPOs that raised $1.07 billion in the first quarter of 2013.
  • 35 PIPEs raised at least $100 million, including the largest deal by coffee maker producer Keurig Green Mountain Inc. The company, with a market capitalization of $15.4 billion, raised $1.25 billion in a PIPE to fund a stock-repurchase program.
  • 35 (ATMs) raised $5.07 billion, down from 40 ATMs raising $5.42 billion, a year ago.
  • Equity-line PIPEs totaled 20 deals worth up to $230.3 million, compared with 12 worth up to $239.7 million.
  • Roth Capital Partners LLC was the most active PIPE placement agent during the quarter, followed by Cowen & Co., Maxim Group LLC, H.C. Wainwright Co. and Piper Jaffray & Co.

The full report is available online.  For more information on PrivateRaise, visit

About The Deal

The Deal, a business unit of TheStreet, has been serving corporate dealmakers, advisers and institutional investors the most sophisticated analysis of the deal economy since 1999. Our transaction information service, The Deal Pipeline, is powered by a newsroom of senior journalists who offer proprietary research and reporting across M&A, bankruptcies, auctions and financings. It includes a breaking news service, First Take; daily and weekly sector newsletters; The Daily Deal, a 2x daily report of the day's top stories; a research center with over a decade's worth of intelligence and a database of over 100,000 deals; and an iPad & iPhone app. Our marketing & media services group produces the industry's leading forecasting event, The Deal Economy, held annually in New York City in addition to industry webcasts and integrated marketing programs. For more information, visit

CONTACT: Emily Scheer 212.321.5521

Logo -

SOURCE TheStreet, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.99 -0.02%
FB $99.54 -0.21%
GOOG $678.11 -0.68%
TSLA $148.25 0.18%
YHOO $26.82 -0.85%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs