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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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 www.privateraise.com.

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 www.thedeal.com

CONTACT: Emily Scheer 212.321.5521 Emily.Scheer@thestreet.com

Logo - http://photos.prnewswire.com/prnh/20140306/NY78400LOGO

SOURCE TheStreet, Inc.

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 This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,465.15 -98.15 -0.59%
S&P 500 1,920.41 -10.26 -0.53%
NASDAQ 4,334.1280 -35.6450 -0.82%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs