EY releases Global IPO Trends report for Q3

Global professional services firm EY published its Global IPO Trends report for Q3 2017 today and noted that IPO volume this year has already exceeded totals from 2016, with 1,156 deals raising $127 billion through the first nine months. EY expects final numbers for 2017 to range from 1,600 to 1,700 public offerings and between $190 billion to $200 billion in capital raised.

“The timing for any IPO is dependent on both investors’ appetite for new company stocks, which is driven in part by how well the overall stock market is performing, and by the financial and operational story of the individual company pursuing a public offering,” said Greg Beams, a partner in EY’s Seattle office. “One measure of how hungry investors are for new company stocks is how long it takes a company to go public after they complete the initial filing of their IPO registration documents.”

Read the full article: Global IPO market on pace for best year since 2007; more Washington companies expected to go public (GeekWire)

September 27th, 2017|Categories: Client News|Tags: , , , , |

Ernst & Young names new managing partner in San Jose

Kailesh Karavadra was recently named head of Ernst & Young’s San Jose office.

Kailesh Karavadra has been named managing partner of accounting firm Ernst & Young LLP’s downtown San Jose office. The San Jose office, which employs more than 700 employees, is one of the largest employers in the area.

Karavadra’s duties will include overseeing the firm’s San Jose workforce, expanding its client base and growing its workload with existing clients, according to a profile in the Silicon Valley/San Jose Business Journal.

The San Jose office landed major deals last year,including the IPO plans for Facebook Inc. and Zynga Inc.

“I’ve had the pleasure of working with many startup companies that are household names today,” says Karavadra. Overall, the firm has been involved with 40 percent of Silicon Valley-based companies IPO offerings since 2004.

San Fernando Valley benefits from increased IPO activity

Judging from the recent initial public offerings of companies like Wesco Aircraft Holdings, Ceres Inc., Inphi Corp. and ReachLocal in the past year, companies in the greater San Fernando Valley are thriving. The region’s IPOs are part of a larger state trend, according to the story “IPOs Raise Region’s Profile” from the August 15 issue of the San Fernando Valley Business Journal.

California is leading the nation with the number of companies preparing for an IPO, with 25 of the nation’s 140.

“From an economic standpoint, an IPO is great for job growth and successful IPO companies stay independent and support jobs,” Mark Sogomian, Ernst & Young’s IPO leader for the West Coast, told the business journal. “There is also an indirect impact in that an active IPO market sends a message of increased confidence in the economy, which has an impact on the larger business community.”

The second-quarter IPO Pipeline study by Ernst & Young LLP reported that the technology sector was the most active, followed by oil and gas, banking and finance and industrial products.

Energy generation, new materials and energy efficiency emerging as attractive sectors

Cleantech IPOs have been few and far between in the past several years, according to a recent article by Xconomy‘s Bruce Bigelow. Yet judging from the companies that have gone public in the first half of 2011, there are specific sectors that are thriving more than others.

In total, 11 cleantech companies went public in the second quarter, raising $1.99 billion.

“Energy generation, new materials, and energy efficiency are emerging as attractive sectors,” Matt Sapp, who serves as West Coast Cleantech Leader for Ernst & Young, told Xconomy. “We actually saw an increase in energy efficiency deals. The venture industry is really looking for more efficient business models and cleantech software innovations [in energy management] usually offer that.”

So while there is no guarantee that the IPO market is picking up, it is safe to say that companies in the energy generation sector are thriving more than ever.

August 17th, 2011|Categories: Client News|Tags: , , , , , , |