NEW YORK, Jan. 13, 2017 /PRNewswire/ -- The Deal (a
business unit of TheStreet, Inc. (NASDAQ: TST)) issued
its quarterly PIPE league tables today, showing last year's
private-investment-in-public-equity financing market accumulated
more than $78 billion in deals, up
7.7% from the previous year. Data is sourced from PrivateRaise, a
service of The Deal, which tracks PIPEs that raise at least $1
million.
"Last
year's private-investment-in-public-equity market
provided a venue for deals that represented the formation of over
$78 billion in capital. The year's
PIPEs raised more capital than in any other year since 2008. On
both a quarter-over-quarter and year-over-year basis, 2016
represented an uptick in deal flow and dollars raised,"
said Paul Springer, senior reporter at The Deal. "Many market
players have told The Deal that the incoming administration and its
new Securities and Exchange Commission pick are likely to make this
year even better."
Some highlights from the report:
- 2016 PIPEs raised more capital in a year since 2008
- More than $20 billion raised in
fourth quarter
- Sabby Management LLC was the top-ranked investor in the fourth
quarter by number of investments, with 10 deals. Heights Capital
Management Inc. ranked second, with eight deals. Empery Asset
Management LP ranked third, with six deals.
- H.C. Wainwright & Co. was
the top-ranked placement agent in the fourth quarter by number of
placements, with 17 deals for the quarter. Roth Capital Partners
LLC ranked second, with 16. Wells Fargo Securities LLC, Jefferies
Group LLC, Stifel, and Maxim Group LLC ranked third, with nine
placements.
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 (www.thedeal.com)
provides actionable, intraday coverage of mergers, acquisitions and
all other changes in corporate control to institutional investors,
private equity, hedge funds and the firms that serve them. The Deal
is a business unit of TheStreet, Inc. (NASDAQ:
TST, www.t.st), a leading financial news and information
provider. Other business units include TheStreet
(www.thestreet.com), which is celebrating its
20th year of producing unbiased business news and
market analysis; BoardEx (www.boardex.com), the leading
relationship mapping service of corporate directors and officers;
and RateWatch (www.rate-watch.com) which supplies rate and fee data
from banks and credit unions across the U.S.
Contact: Jon Kostakopoulos,
212-321-5561, Jon Kostakopoulos at
thestreet.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/pipe-deals-positioned-to-soar-in-2017-with-trump-deregulation-gift-300390605.html
SOURCE TheStreet, Inc.