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: , , , , , , |

Ernst & Young study: IPOs back to pre-recession levels

IPO activity is finally returning to pre-recession levels, according to the quarterly “U.S. IPO Pipeline” study from Ernst & Young as reported by numerous media outlets.

Bruce Bigelow’s recent Xconomy article reported the number of companies in registration for an IPO in the second quarter of 2011 increased to 140, up almost 24 percent from the same quarter last year. While the number of registrants was higher, estimated market valuation was down slightly at $23.7 billion from $25.3 billion in the same quarter of last year. Experts still think the news is good, though, as more IPOs are a key indicators of an improving economy.

socalTECH.com reported California lead IPO filings in the second quarter, with 25 companies in registration.

The Los Angeles Business Journal reported Wesco Aircraft Holdings Inc., Oaktree Capital Group LLC and Ceres Inc. each filed papers during the second quarter to go public, joining TMAC Mortgage Co., Targeted Medical Pharma Inc. and GameFly Inc. in the pipeline.

Ernst & Young Counts More IPO Filings as Sign of Increasing Activity

Bruce V. Bigelow
Xconomy

A study released today by Ernst & Young shows that 53 companies submitted the necessary paperwork during the fourth quarter of 2009 to hold initial public offerings—the highest number of new registrants in a quarter since 2007.

At of the end of December, Ernst & Young counted 54 companies in the U.S. that were ready to go public—and are seeking to raise a total $10.3 billion. There have been quarters with many more IPO filings over the past two years. And there have been quarters in which companies sought to raise more capital.

But the sharp increase in the number of companies seeking to go public was viewed as a resurgence in IPO activity by Jackie Kelley, Ernst & Young’s Americas IPO leader, based in Irvine, CA. “This is probably one of our most optimistic quarters in the past two years,” Kelley says. “The more that register, and the more that are in the pipeline means that more deals are likely to get done.”

Click here to read the full article.

February 1st, 2010|Categories: Client News|Tags: , , , , |