June 12, 2007
Maybe all is not doomsday on Wall Street!
According to Thomson Financial "Venture-Backed IPOs Record Strongest Month Since 2004
Month of May Saw Highest Volume and Dollars Raised; Further Momentum Could Be Sign of Recovery"
Or maybe all the ruckus about regulation is just a lot of noise about US markets being challenged only because of SOX. Maybe if you do a good job in raising money for IPO's you get the business.
Here are the facts:
Source: Thomson Financial and National Venture Capital Association
"Mark Heesen, president of the NVCA was cautiously optimistic about the recent activity.
"The venture-backed IPO volume in May and the market performance of those companies that went public thus far this year is very favorable compared to the last several years. These companies have successfully run the gauntlet, having weathered the technology bubble burst and Sarbanes Oxley compliance costs. They are likely the strongest batch of newly public companies in some time. However, we will need to see consecutive double digit monthly IPO volume for the rest of 2007 to declare any sort of recovery. Meaningful Sarbanes Oxley reform will go a long way towards helping other promising venture-backed companies reach their IPO goals.
May's strong performance, coupled with a stable first quarter, boosted the number of venture-backed IPOs for the first five months of 2007 to 33, the highest level since 2000. Furthermore, the average offer amount from January through May broke all-time records to reach $156.7 million per issue. Adding to this trend, the three month period from March-May 2007 marked the first consecutive stretch for $1 billion plus monthly volume - the first time this has occurred since 2000's nine month stretch."
Very interesting. SOX is a fact so now the market can react without wondering what the future brings. Standards are good and trustworthy markets can raise lots of money and and shares will appreciate more than in markets with no standards.
If your company has to comply with SOX 404 or NI 52-109, and wants to do it in a sensible and cost effective way, contact http://www.issuescentral.com/ for more information on Compliance Playbook® for companies based outside of Canada. For Canadian based companies, see http://www.compliancepartner.ca/ for more information on Compliance Partner™ from Thomson Carswell
Month of May Saw Highest Volume and Dollars Raised; Further Momentum Could Be Sign of Recovery"
Or maybe all the ruckus about regulation is just a lot of noise about US markets being challenged only because of SOX. Maybe if you do a good job in raising money for IPO's you get the business.
Here are the facts:
Source: Thomson Financial and National Venture Capital Association
"Mark Heesen, president of the NVCA was cautiously optimistic about the recent activity.
"The venture-backed IPO volume in May and the market performance of those companies that went public thus far this year is very favorable compared to the last several years. These companies have successfully run the gauntlet, having weathered the technology bubble burst and Sarbanes Oxley compliance costs. They are likely the strongest batch of newly public companies in some time. However, we will need to see consecutive double digit monthly IPO volume for the rest of 2007 to declare any sort of recovery. Meaningful Sarbanes Oxley reform will go a long way towards helping other promising venture-backed companies reach their IPO goals.
May's strong performance, coupled with a stable first quarter, boosted the number of venture-backed IPOs for the first five months of 2007 to 33, the highest level since 2000. Furthermore, the average offer amount from January through May broke all-time records to reach $156.7 million per issue. Adding to this trend, the three month period from March-May 2007 marked the first consecutive stretch for $1 billion plus monthly volume - the first time this has occurred since 2000's nine month stretch."
Very interesting. SOX is a fact so now the market can react without wondering what the future brings. Standards are good and trustworthy markets can raise lots of money and and shares will appreciate more than in markets with no standards.
If your company has to comply with SOX 404 or NI 52-109, and wants to do it in a sensible and cost effective way, contact http://www.issuescentral.com/ for more information on Compliance Playbook® for companies based outside of Canada. For Canadian based companies, see http://www.compliancepartner.ca/ for more information on Compliance Partner™ from Thomson Carswell
