Stimulate the IPO Market

April, 2009 - The once powerful U.S. IPO market for emerging growth companies has devolved into a long-shot consideration for investors and entrepreneurs.

Boston Business Journal - Opinion Piece by M. Benjamin Howe April 13, 2009 - The once powerful U.S. IPO market for emerging growth companies has devolved into a long-shot consideration for investors and entrepreneurs. The U.S. averaged roughly 500 initial public offerings annually during the 1990s but only 150 annually over the past seven years. Approximately two-thirds of the U.S. IPO market has vanished. Where would America’s competitive position be were it not for the most effective and vibrant IPO market in the world, which allowed access to public capital for promising young companies, entrepreneurs and eventual tech giants such as… of "Stimulate the IPO Market

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The Return Of The Tech IPO

January, 2007 - Silicon Valley pundits are predicting 2007 will be the biggest year since 2000.

Business Week Online by Spencer E. Ante Monday, January 08, 2007 - Silicon Valley pundits are predicting 2007 will be the biggest year since 2000. When the stock market reached the height of irrational exuberance in 2000, the bubble was filled largely with the hopes of technology startups going public. That year, 170 high-tech companies sold nearly $19 billion of stock to investors in initial public offerings. Since then, new tech-stock offerings have been mired in a six-year hangover as mergers and acquisitions became the exit strategy of choice. In 2006 only 35 tech companies sold stock to the public,… of "The Return Of The Tech IPO

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Here’s to Bigger Tech Profits in 2007

January, 2007 - WHAT'S IN STORE FOR TECH IN 2007? Stronger profit growth for starters. Companies finally will begin to spend more to upgrade systems, and, with tech mergers likely to cool a bit, less cash will be diverted to deals.

Barron's by Mark Veverka Monday, January 01, 2007 - WHAT'S IN STORE FOR TECH IN 2007? Stronger profit growth for starters. Companies finally will begin to spend more to upgrade systems, and, with tech mergers likely to cool a bit, less cash will be diverted to deals. "We are expecting technology profit growth to be a leader -- with a 23% increase," predicts Ashwani Kaul, a senior research analyst with Reuters Estimates. While real, growth may not be as robust as it appears at first blush. That's because the percentage growth will be based on relatively weak 2006 figures, Kaul… of "Here’s to Bigger Tech Profits in 2007

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New England’s Tech IPO Market Looks Forward

December, 2006 - While New England's technology IPO activity was up slightly in 2006 compared to 2005, several macro-level forces drove a strong finish to the year and that should have a positive effect on the broader IPO market in 2007.

Mass High Tech by M. Benjamin Howe Friday, December 29, 2006 - While New England's technology IPO activity was up slightly in 2006 compared to 2005, several macro-level forces drove a strong finish to the year and that should have a positive effect on the broader IPO market in 2007. We expect to see a significant increase in tech IPOs in 2007 compared to the post-bubble doldrums, both locally and nationally. The U.S. IPO market is finishing the year with a strong 4th quarter - 89 IPOs, which is the most we have seen since the 3rd quarter of 2000,… of "New England’s Tech IPO Market Looks Forward

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Funding up in ’06; IPOs Struggled; M&As Flourished

December, 2006 - Looking Back, Investment in technology companies continued to increase in 2006, while the market for initial public offerings remained flat.

Mass High Tech by Christopher Calnan Friday, December 29, 2006 - Looking Back, Investment in technology companies continued to increase in 2006, while the market for initial public offerings remained flat. Experts expect a continued rise in investment levels next year. In 2006, tech firms saw that the higher bar created by tighter corporate compliance forced them to remain at the private-equity trough longer, creating a growing crop of larger, more mature tech companies, which then became candidates for hedge fund and corporate private equity investment. The phenomenon also prompted angel investors to syndicate, forming groups to enable larger investments.… of "Funding up in ’06; IPOs Struggled; M&As Flourished

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Information Security, Data Center Sectors Enjoy Strong Exits, Solid Funding

December, 2006 - Whether it is a consumer selecting mutual funds or venture capitalists pursuing startups, nothing better attracts investment dollars than attractive returns...

Mass High Tech by Maria Lewis Kussmaul Saturday, December 23, 2006 - Whether it is a consumer selecting mutual funds or venture capitalists pursuing startups, nothing better attracts investment dollars than attractive returns - which helps explain why funding continues to pour into the information security and data center sectors. These IT segments have enjoyed robust M&A activity in recent years. The factors fueling this continued investment and ongoing exits are unlikely to abate anytime soon, suggesting 2006 will shape up to be yet another banner year. Leading information security vendors are enjoying strong and sustained demand for their solutions.… of "Information Security, Data Center Sectors Enjoy Strong Exits, Solid Funding

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Four Horsemen Model Going Way of Gipper?

October, 2005 - Boutique investment banks Thomas Weisel Partners and S.G. Cowen recently unveiled plans to go public, but lurking in the background are constant calls that their model-the small, full-service investment bank-is no longer viable.

Investment Dealers' Digest by Avital Louria Hahn Monday, October 31, 2005 - Boutique investment banks Thomas Weisel Partners and S.G. Cowen recently unveiled plans to go public, but lurking in the background are constant calls that their model-the small, full-service investment bank-is no longer viable. Inspired by the Four Horsemen of Hambrecht & Quist, Alex. Brown, Robertson Stephens and Montgomery Securities, they focus on providing emerging growth companies with underwriting services, research and sales and trading. But today, M&A is king and equity trading and underwriting are struggling. Boutiques such as the above, along with the likes of Think Equity… of "Four Horsemen Model Going Way of Gipper?

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Security start-ups ripe for picking

January, 2005 - Avid sports fans often participate in rotisserie leagues, in which you get to draft real-world basketball or football stars for your fantasy team, then see how they perform throughout the season.

The Boston Globe by Scott Kirsner Monday, January 03, 2005 - Avid sports fans often participate in rotisserie leagues, in which you get to draft real-world basketball or football stars for your fantasy team, then see how they perform throughout the season. Here's my idea: a rotisserie league for security start-ups. Pick three Boston-area companies that sell technology that enhances the security of networks, corporate infrastructure, or home PCs. At the end of 2005, we look at how many of your picks attracted venture funding, were acquired, or went public. (Of course, the best statistic to follow would be revenues,… of "Security start-ups ripe for picking

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No-Ratings Research: Useful For Institutional Investors, Some Say

August, 2004 - Boutique investment banks Thomas Weisel Partners and S.G. Cowen recently unveiled plans to go public, but lurking in the background are constant calls that their model-the small, full-service investment bank-is no longer viable.

InstitutionalInvestor.com by Avital Louria Hahn Friday, August 27, 2004 - Boutique investment banks Thomas Weisel Partners and S.G. Cowen recently unveiled plans to go public, but lurking in the background are constant calls that their model-the small, full-service investment bank-is no longer viable. Inspired by the Four Horsemen of Hambrecht & Quist, Alex. Brown, Robertson Stephens and Montgomery Securities, they focus on providing emerging growth companies with underwriting services, research and sales and trading. But today, M&A is king and equity trading and underwriting are struggling. Boutiques such as the above, along with the likes of Think Equity and C.E.… of "No-Ratings Research: Useful For Institutional Investors, Some Say

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Size Isn’t Everything for One New Boutique

April, 2004 - In October, executives of TippingPoint Technologies Inc. had already sat through pitches from three investment banks when they learned that a new investment banking boutique, America's Growth Capital, had opened for business six weeks earlier.

Investment Dealers' Digest by Avital Louria Hahn Monday, April 19, 2004 - In October, executives of TippingPoint Technologies Inc. had already sat through pitches from three investment banks when they learned that a new investment banking boutique, America's Growth Capital, had opened for business six weeks earlier. John McHale, CEO of the Austin, Texas-based TippingPoint, a network security company, had worked with the two founding partners of AGC-Ben Howe, former head of M&A at S.G. Cowen, and Maria Lewis Kussmaul, a long-time ranked analyst also at S.G. Cowen. So when McHale and his board, who knew and liked the two… of "Size Isn’t Everything for One New Boutique

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