EY report: IPOs in a ‘natural pause’ after 2014

EYLast year, 291 companies had public stock offerings in the U.S., and as the IPO market catches its breath following a blockbuster 12 months, fewer companies are launching public stock offerings, reports U-T San Diego’s Mike Freeman.

“I think one of the key drivers of the slowdown in the first quarter was bankers pushed companies to go public in the fourth quarter of 2014 to get out while the market was good,” said Doug Regnier, a partner with Ernst & Young in San Diego, in the article. “So the pipeline was fairly well depleted.
EY’s Global IPO Trends report forecasts 38 companies would raise $5.6 billion in U.S. IPOs when the first quarter ends March 31. That’s down 46 percent from the first quarter last year. The firm called the decline a “natural pause.”

Read the full article:

U.S. IPOs off to a slow start

Listen to KCBS “Money Watch” interview with EY’s Jeff Grabow

KCBS Money Watch

Tom Bernard presents on Affordable Care Act in Portland March 17

EY EY’s Tom Bernard presents on the Affordable Care Act’s tax and financial implications, risk areas and potential penalties at the American Payroll Association’s Portland chapter meeting. Bernard sees the ACA as going beyond a benefits issue to become a business issue that needs to be addressed from multiple perspectives – from HR and employee communications to the board of directors and external auditors.

Learn more:

March 2015 Chapter Meeting

Affordable Care Act goes beyond benefits issues

EYEY’s Tom Bernard presents on the Affordable Care Act’s tax and financial implications, risk areas and potential penalties at today’s American Payroll Association’s Silicon Valley chapter meeting. Bernard sees the ACA as going beyond a benefits issue to become a business issue that needs to be addressed from multiple perspectives – from HR and employee communications to the board of directors and external auditors.

Learn more:

February 2015 Chapter Meeting

 

You’re invited to the Black History Month Executive Roundtable hosted by EY

EYAfrican American executive business leaders will join together to share knowledge, discuss diversity, inclusion strategies and provide insight to their career progression at 6 p.m. on Thursday February 19 at The L.A. Hotel Downtown, 333 South Figueroa Street Los Angeles, CA 90071. You are invited to attend the free Black History Month Executive Roundtable event which is hosted by Ernst & Young. Pre-event networking includes appetizers, refreshments and entertainment. This is a free community event and all are welcome.

More information:

Black History Month Executive Roundtable

San Jose Mayor kicks off 29th annual EY Entrepreneur Of The Year™ Awards

Sylvia Flores, Kailesh Karavadra, Mayor Sam Liccardo and Edward Avila take a selfie.

Sylvia Flores, Kailesh Karavadra, Mayor Sam Liccardo and Edward Avila take a selfie.

San Jose Mayor Sam Liccardo teamed with Kailesh Karavadra, Managing Principal of Ernst & Young’s San Jose office, and Ernie Cortes, EY partner, to kick off the top business awards program in the country — the 29th Annual EY Entrepreneur Of The Year™ Awards – Friday at The Fairmont, San Jose.

“The San José/Silicon Valley region is the birthplace for innovations that drive the global economy. The EY Entrepreneur Of The Year™ award celebrates the vision and passion needed for the long-term success of our region,” says Mayor Liccardo. “I thank Ernst & Young LLP for its decades-long support of entrepreneurs.”

Each year, Ernst & Young showcases successful entrepreneurs from more than 145 cities in 60 countries in their annual EOY Program. Past winners include: Reid Hoffman and Jeff Weiner (LinkedIn Corporation), Sergey Brin and Larry Page (Google, Inc), Nick Woodman (GoPro), Lisa Im (Performant Financial), Hamid Moghadam (Prologis), and David Hung, MD (Medivation). This year, past award recipients, future nominees, program sponsors, and other business leaders joined Mayor Liccardo and EY professionals for the 2015 kickoff.

To apply or nominate someone today, visit: www.ey.com/us/eoy/norcal.

Read the full announcement:

Mayor Liccardo and EY Kick off the 29th Annual EY Entrepreneur Of The Year™ Program

Entrepreneur of the Year Award winner and Curacao founder tells LA Times ‘How I Made It’

EYEntrepreneur of the Year Award winner and Curacao founder tells LA Times ‘How I Made It’ Body: Jerry Azarkman earned an EY Entrepreneur of the Year Award for his successful department store chain Curacao which opened in 1983. Through word of mouth, extended customer credit and customer loyalty, Curacao now boasts more than 2 million customers paying through the chain’s credit card. He tells the Los Angeles Times in the latest “How I Made It” about his success and how he decided to concentrate on what he saw as a neglected and underserved market — Latinos. He shares his thoughts on the power of credit, his leadership style and greatest pet peeve: “People who only know how to say ‘I’ and ‘me.’ If it’s never about ‘us’ or ‘ours,’ then there is something wrong.”

Read the full article:

How I Made It: Jerry Azarkman

EY weighs in on international travel and tourism comeback

EYAlthough the last recession set back the hotel and hospitality market, Michael Fishbin, leader of Ernst & Young’s hospitality and leisure practice says 2015 will be different. “We expect the hospitality industry to experience significant growth, development and brand expansion in the coming year. Despite some significant head winds — such as geopolitical instability, new health concerns and inconsistent economic growth — the global industry is thriving and optimism prevails,” Fishbin says.

Read the full article:

Tourism and travel growth to spur more investment in hotels

Trip to Argentina gets EY tax manager out of his comfort zone in a good way

EYA trip to Argentina got Ryan Espinoza, a tax manager at Ernst & Young, out of his comfort zone while helping build relationships with his co-workers and friends. He comments about the impact of the extended business trip on his career and personal life in the Los Angeles Business Journal.

Read the full article:

Travel Hits Home

Total VC funding up 44 percent as number of deals falls

EYAlthough venture capital funding increased in the 4th quarter, fewer deals were made, reports Jason Brooks on KCBS radio’s “Money Watch.”

U.S. firms raised 13.8 billion dollars, a 44 percent increase over the same period a year earlier while the number of deals fell 20 percent.

“As you see companies move through the pipeline and companies raise capital at later stages, we are seeing that more and more,” says Jeff Grabow, U.S. venture capital leader for Ernst &Young.

Listen to the full broadcast:

KCBS interview – EY’s Jeff Grabow – 2014 Year-End VC Report