Total capital markets transactions: Q1 – Q2 2014

So far, 2014 is being well-celebrated for the return of IPOs to the capital markets, with 151 IPOs counted by industry watchdog Renaissance Capital.

However, important as they are, IPOs are a small percentage of the celebration. In fact, these 151 IPO S-1 filings are only NYSE and NASDAQ listed – and less than 30% of the total S-1 filings count of 533. Remember, an S-1 is not just for an Initial Public Offering. Public companies submit a Secondary Offering S-1 (and sometimes S-3) file to the SEC anytime they issue new stock for public sale. Post IPO, this S-1 registration is typically to refinance or raise more capital for growth.

Total transactions for the first half of 2014 is 1,249. We carefully track all capital markets transactions as Vintage executes the end-to-end registrations tasks for issuers: typesetting to filings to hardcopy printing. You can see a drafting session in this video. Presentation1   Transaction types:

  • S-1: General form of registration statement for all companies including face-amount certificate companies
  • S-3: Registration statement for specified transactions by certain issuers
  • S-4 Registration of securities issued in business combination transactions
  • N-2: Initial filing of a registration statement on Form N-2 for closed-end investment companies
  • F-1: Registration statement for securities of certain foreign private issuers
  • S-11: Registration statement for securities to be issued by real estate companies
  • 10-12G: Initial general form for registration of a class of securities pursuant to Section 12(g)
  • 10-12B: Initial general form for registration of a class of securities pursuant to Section 12(b)

A last point is to re-emphasize is that the media (i.e. Jim Cramer shouting and honking horns) tends to focus on the NYSE and NASDAQ IPOs. Hundreds of Emerging Growth Companies and large international companies IPO each year on the OTC Markets. Dig deeper to see growth.

Have a great day.

One response to “Total capital markets transactions: Q1 – Q2 2014

  1. Pingback: Cpital markets transactions by law firm: Q1 – Q2 2014 | Building Shareholder Confidence

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