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 Shrinks In Second Quarter

NEW YORK, July 15, 2014 /PRNewswire/ --  The Deal, TheStreet's (NASDAQ:TST) institutional business, has issued a quarterly report that shows that only 271 private-investments-in-public-equity (PIPEs) worth $10.4 billion were announced or completed in the second quarter, compared with 272 that raised $14.2 billion in the same period a year ago. The figures, generated with The Deal's PrivateRaise database, exclude PIPEs that raised less than $1 million and those by foreign-based companies that trade over the counter in the U.S.

The Deal logo

"After two consecutive quarters of double-digit growth, the PIPEs market contracted in the second quarter of 2014 as a series of selloffs hit biotech stocks and other companies opted for public offerings," said Dan Lonkevich, Senior Editor for The Deal. "The decline is even more pronounced compared to the first quarter which produced 343 deals worth $14.5 billion."

Some highlights from the report include:

  • 271 PIPEs worth $10.4 billion were announced or complete in the second quarter.
  • The number of unregistered PIPEs totaled 177 worth $5.15 billion, versus 161 worth $5.66 billion a year ago.
  • Registered direct offerings totaled 94 deals worth $5.27 billion in the quarter, compared with 111 worth $8.53 billion in the second quarter of 2013. Of the registered direct offerings, 25 were confidentially marketed public offerings (CMPOs) that raised a total of $470 million. That's compared with 24 CMPOs that raised about $700 million a year earlier.
  • Healthcare remained the most active industry in the PIPE market, with 88 deals worth $1.26 billion, compared with 87 PIPEs worth $1.24 billion, a year ago. Energy was the second-most active industry in the recent quarter, with 36 deals worth $3.57 billion, followed by technology, with 31 PIPEs worth $1.45 billion.
  • In contrast with the weak PIPE market, IPOs were strong with 84 deals worth $23.6 billion, compared with 61 deals worth $14.9 billion, a year ago. It was the third consecutive quarter of at least 72 IPOs.
  • The number of follow-on offerings also increased 18.1% to 215 worth $58 billion from 182 worth $49.2 million.

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 16,979.13 +59.54 0.35%
S&P 500 1,986.51 +4.91 0.25%
NASDAQ 4,526.4820 -1.0320 -0.02%

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