NEW YORK, July 14, 2016 /PRNewswire/ -- The PIPEs
Report, a service of The Deal (a business unit of TheStreet Inc.
(NASDAQ: TST)), that covers the private-investment-in-public-equity
financing market, has issued a quarterly report showing the PIPE
market doubled the amount raised from Q1, after recovering from the
volatile quarter. Data is sourced from PrivateRaise, a service of
The Deal that tracks PIPEs that raise at least $1 million.
"Despite some powerful macroeconomic headwinds, the PIPE market
staged a recovery from a slow first quarter as transaction volume
increased more than 50% quarter over quarter and dollar volume
doubled," said Paul Springer, senior
reporter at The Deal. "Brexit fears impacting some financial
markets are having no effect on the PIPE space in the third
quarter, as numerous healthcare deals and a pickup in smaller
energy company financings create robust deal flow."
Some highlights from the report:
- There were 345 transactions in the second quarter representing
efforts to raise $25.98 billion, a
sum representing an increase of over 100% beyond the first
quarter's deals.
- Some 345 second-quarter PIPE deals represented a 56% increase
over the first quarter and a 12.75% increase over the second
quarter of 2015.
- The biggest jump in second-quarter transactions was in
offerings from issuers with a market cap under $50 million, which accounted for 156 deals, more
than a 50% increase from the previous quarter.
- Sabby Management LLC was the top-ranked investor in the second
quarter by number of investments, with 12 deals. IntraCoastal
Capital LLC ranked second, with seven deals. Empery Asset
Management LP ranked third, with six deals.
- H.C. Wainwright & Co. was
the top-ranked placement agent in the second quarter by number of
placements, with 29 deals for the quarter. Roth Capital Partners
LLC ranked second, with fourteen. Cowen and Company LLC ranked
third, with nine deals.
The full report is available online. For more information on The
PIPEs Report and PrivateRaise, visit
http://www.thedeal.com/the-deal/the-pipes-report/ and
www.privateraise.com.
About The Deal
The Deal is a media and technology company providing over
100,000 users with actionable ideas from its two services - The
Deal & BoardEx. Law firms, investment banks, private equity
firms and hedge funds use The Deal service to find their next deal
and BoardEx to connect the dots between their organizations and
clients. The Deal is a business unit of TheStreet, Inc. (NASDAQ:
TST) and has offices in New York,
London, Washington, D.C., Petaluma, CA and Chennai, India. For more information, visit
www.thedeal.com.
Contact: Ashley Klepach,
212.321.5048, ashley.klepach at thestreet.com
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SOURCE TheStreet, Inc.