IPO Underwriters of the Week: September 29 – October 3

Congratulations to the corporations and underwriters that worked with our transaction services team. Whether in-house, your-house or 100% virtual… click here to discover why we are the intelligent value for both traditional and confidential IPOs.

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Registrant Form Type Underwriter 1 Underwriter 2 Underwriter 3 +
COLUMBIA PIPELINE PARTNERS LP S-1 Barclays Capital Inc. Citigroup Global Markets Inc. ~
KIMREE, INC. F-1 Citigroup Global Markets Inc. ~ ~
MEMORIAL RESOURCE DEVELOPMENT CORP. S-1 Citigroup Global Markets Inc. - ~
PENNTEX MIDSTREAM PARTNERS, LP S-1 Citigroup Global Markets Inc. Barclays Capital Inc. RBC Capital Markets, LLC / Tudor, Pickering, Holt & Co. Securities, Inc.
FIBROGEN INC S-1 Goldman, Sachs & Co. Citigroup Global Markets Inc. Leerink Partners LLC / RBC Capital Markets, LLC / Stifel, Nicolaus & Company, Inc. / William Blair & Company, L.L.C.
BOOT BARN HOLDINGS, INC. S-1 J.P. Morgan Securities LLC Piper Jaffray & Co. Jefferies LLC / Wells Fargo Securities, LLC / Robert W. Baird & Co. Inc.
SUTHERLAND ASSET MANAGEMENT CORP S-11 J.P. Morgan Securities LLC Morgan Stanley & Co. LLC FBR Capital Markets & Co. / Citigroup Global Markets Inc. / JMP Securities LLC / Keefe, Bruyette & Woods, Inc.
NEVRO CORP S-1 J.P. Morgan Securities LLC Morgan Stanley & Co. LLC Leerink Partners LLC / JMP Securities LLC
EHI CAR SERVICES LTD F-1 J.P. Morgan Securities LLC Goldman Sachs (Asia) L.L.C. Deutsche Bank Securities Inc.
XG TECHNOLOGY, INC. S-1 Lincoln Park Capital Fund, LLC ~ ~
APPLIED DNA SCIENCES INC S-1 Maxim Group LLC ~ ~
S1 BIOPHARMA, INC. S-1 MLV & Co. LLC ~ ~
COSTAMARE PARTNERS LP F-1 Morgan Stanley & Co. LLC Barclays Capital Inc. Citigroup Global Markets Inc. / Wells Fargo Securities, LLC / Credit Suisse Securities (USA) LLC / J.P. Morgan Securities LLC
SINO-GLOBAL SHIPPING AMERICA, LTD. S-1 National Securities Corporation ~ ~
PALATIN TECHNOLOGIES INC S-1 Piper Jaffray & Co. ~ ~
RADIUS BANCORP INC. S-1 Robert W. Baird & Co. Inc. Sandler O’Neill & Partners, L.P. Janney Montgomery Scott LLC / Wunderlich Securities, Inc.
VOYA RETIREMENT INSURANCE & ANNUITY CO S-3 Voya Financial Partners, LLC ~ ~

Post IPO, thousands of organizations count on us to assure regulatory compliance and target new investors.

Have a great week.

Chinese companies embracing transparency to build US investor trust

Two weeks ago, coincidently with the enthusiasm and optimism surrounding the Alibaba IPO, a select audience of Chinese senior management (within public and pre-IPO companies) assembled in Beijing to learn about the latest compliance and communications issues for publicly traded companies in the US.

MarcumBP ChinaBest Ideas Investment Conference, Beijing, topics included:

  • Governance Matters: Issues Investors Care About Most
  • Accounting Update: New Rules and Key Concerns
  • SEC Hot Buttons: Critical Disclosure Issues

Trevor Loe, VP at Vintage, was invited to add his expertise alongside executives from HC Wainwright, Loeb & Loeb and The Cathay Funds.

The audience was measurably different from the Chinese corporations that eroded investors’ confidence in US-listed Chinese companies three years ago. They are smarter and have learned from their peers’ past mistakes – especially those that listed by reverse merger.

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Above ~ Jim Wang, HC Wainwright: Trevor Loe, Vintage: Mitch Nussbaum, Loeb & Loeb: David Selvia, The Cathay Funds

The 2010 – 2011 boom in Chinese reverse mergers, in which privately-held Chinese companies went public on a US-exchange by merging with US publicly-traded shell companies, was initially driven by the difficulties of going public in China. But that boom abruptly became a bust via a series of financial scandals – the result of the lighter regulatory scrutiny during the listing process.

One interesting point that has come out in a Stanford Graduate School of Business study, is that since “the bust,” the Chinese reverse mergers that have remained US-listed performed much better as a group than other publicly traded companies that were of similar size, in the same industry and traded over the same US-exchange.

Long before the 2010 surge of Chinese companies, reverse mergers existed. Most were US-based penny stocks, which trade through over-the-counter “pink sheets. Many are pump-and-dump with poor survival rates.

However, Chinese reverse mergers are different, says study leader, Charles Lee, professor of accounting at Stanford Graduate School of Business. Because China’s IPO market is so highly restricted, many Chinese companies that are qualified to go public in the US, cannot get approval in their own county of China. As a result, remarkably, “many of the Chinese companies that came to the United States through reverse mergers are more mature, better capitalized and show more promise than their American counterparts.” Certainly, no matter where an equity calls home, there can be fraud.

“Contrary to popular media perception, we find no evidence that Chinese reverse mergers are systematically more problematic than similar firms already trading on the same exchange,” Lee and his colleagues wrote.

We appreciate the opportunity to help these innovative and ethical Chinese corporations navigate through the S-1 process, (whitepaper – click here), communicate clearly to meet the expectations of US-based investors (whitepaper – click here) and demonstrate great governance.

Have a great day

IPOs and Transactions: September 22 – 26

There were 45 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services last week including Skyline Medical Inc. w/ Greenberg Traurig LLP, Maslon Edelman Borman & Brand LLP and Reed Smith LLP, Genspera Inc. w/ Silvestre Law Group PC and Sigma Labs Inc. w/ TroyGould PC.

We appreciate that they selected to work with us and we’re pleased that they found us to be the intelligent value.

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Registrant Symbol Form Exchange Law firm / Advisor
MAMMOTH ENERGY PARTNERS LP S-1 Akin Gump Strauss Hauer & Feld LLP
HESS MIDSTREAM PARTNERS LP S-1 Andrews Kurth LLP
COSI INC COSI S-1 Nasdaq Cadwalader, Wickersham & Taft LLP
WELLS FARGO REAL ESTATE INVESTMENT CORP. S-11 Cleary Gottlieb Steen & Hamilton LLP
RETAIL OPPORTUNITY INVESTMENTS CORP ROICW S-3 Nasdaq Clifford Chance US LLP
CHC GROUP LTD. HELI S-1 NYSE Cooley LLP
DBV TECHNOLOGIES S.A. F-1 Cooley LLP
FANTEX, INC. S-1 OTC Cooley LLP
VITAL THERAPIES INC VTL S-1 Nasdaq Cooley LLP
COHERUS BIOSCIENCES, INC. S-1 Davis Polk & Wardwell LLP
CHC GROUP LTD. HELI S-1 NYSE Debevoise & Plimpton LLP
TRIBUNE MEDIA CO TRBAA 10-12B OTC Debevoise & Plimpton LLP
CAREY CREDIT INCOME FUND – SERIES 2015 T N-2 Dechert LLP
PETROSHARE CORP. S-1 Dufford & Brown, P.C.
MAD CATZ INTERACTIVE INC MCZ S-3 NYSE Durham Jones & Pinegar, P.C.
CURRENCY SHARES CHINESE RENMINBI TRUST FXCH S-1 NYSE Foley & Lardner LLP
CURRENCY SHARES SINGAPORE DOLLAR TRUST FXSG S-1 NYSE Foley & Lardner LLP
GROWBLOX SCIENCES, INC. GBLX S-1 OTC Gary R. Henrie, Esq.
DBV TECHNOLOGIES S.A. F-1 Goodwin Procter LLP
QUINPARIO ACQUISITION CORP. 2 S-1 Graubard Miller
SKYLINE MEDICAL INC. BIOR S-1 OTC Greenberg Traurig, LLP
PANTOP CORP S-1 Grenfell Capital Limited
FULLCIRCLE REGISTRY INC FLCR S-1 OTC Haddan & Zepfel LLP
PETRICHOR CORP. S-1 Harrison Law, P.A.
AMERICAN MIDSTREAM PARTNERS, LP AMID S-3 NYSE Holland & Hart LLP
CORENERGY INFRASTRUCTURE TRUST, INC. CORR S-3 NYSE Husch Blackwell LLP
QUINPARIO ACQUISITION CORP. 2 S-1 Kirkland & Ellis LLP
COHERUS BIOSCIENCES, INC. S-1 Latham & Watkins LLP
CORESITE REALTY CORP COR S-3 NYSE Latham & Watkins LLP
EVRAZ NORTH AMERICA LTD F-1 Latham & Watkins LLP
EXMAR ENERGY PARTNERS LP F-1 Latham & Watkins LLP
FANTEX, INC. S-1 OTC Latham & Watkins LLP
HESS MIDSTREAM PARTNERS LP S-1 Latham & Watkins LLP
MAMMOTH ENERGY PARTNERS LP S-1 Latham & Watkins LLP
PES LOGISTICS PARTNERS LP S-1 Latham & Watkins LLP
GEOTRAQ INC. GTRQ S-1 OTC Law Offices of Thomas E. Puzzo, PLLC
ARABELLA EXPLORATION, INC. AXPLF F-1 OTC Loeb & Loeb LLP
BODY CENTRAL CORP BODY S-1 OTC Lowenstein Sandler LLP
SKYLINE MEDICAL INC. BIOR S-1 OTC Maslon Edelman Borman & Brand, LLP
MOMS ONLINE, INC. 10-12G Moms Online Inc.
PANAMERA HEALTHCARE CORP S-1 Parsons/ Burnett/ Bjordahl/ Hume, LLP
SKYLINE MEDICAL INC. BIOR S-1 OTC Reed Smith LLP
ENERJEX RESOURCES, INC. ENRJ.P S-1 NYSE Reicker, Pfau, Pyle & McRoy LLP
COVENANT TRANSPORTATION GROUP INC CVTI S-3 Nasdaq Scudder Law Firm, P.C., L.L.O.
GENSPERA INC GNSZ S-1 OTC Silvestre Law Group, P.C.
CHC GROUP LTD. HELI S-1 NYSE Simpson Thacher & Bartlett LLP
KILGORE COMPANIES, LLC S-4 Simpson Thacher & Bartlett LLP
GAMCO GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST GGN.PR.A N-2 NYSE Skadden, Arps, Slate, Meagher & Flom LLP
EVRAZ NORTH AMERICA LTD F-1 Skadden, Arps, Slate, Meagher and Flom LLP
ARISTOCRAT GROUP CORP. ASCC S-1 OTC Sonfield & Sonfield
WELLS FARGO REAL ESTATE INVESTMENT CORP. S-11 Sullivan & Cromwell LLP
CREDIT SUISSE CORPORATE CREDIT SOLUTIONS FUND, INC. N-2 Sutherland Asbill & Brennan LLP
PERIYA CORP. S-1 Szaferman, Lakind, Blumstein & Blader, P.C.
RICH PHARMACEUTICALS, INC. RCHAD S-1 OTC Szaferman, Lakind, Blumstein & Blader, P.C.
SIGMA LABS, INC. SGLB S-3 OTC TroyGould PC
SB FINANCIAL GROUP, INC. SBFG S-1 Nasdaq Tucker Ellis LLP
EXMAR ENERGY PARTNERS LP F-1 Vinson & Elkins L.L.P.
PES LOGISTICS PARTNERS LP S-1 Vinson & Elkins L.L.P.
SB FINANCIAL GROUP, INC. SBFG S-1 Nasdaq Vorys, Sater, Seymour and Pease LLP
CREDIT SUISSE CORPORATE CREDIT SOLUTIONS FUND, INC. N-2 Willkie Farr & Gallagher LLP
VITAL THERAPIES INC VTL S-1 Nasdaq Wilson Sonsini Goodrich & Rosati PC

Post IPO, thousands of organizations count on us to assure regulatory compliance and target new investors. Click here and opt-in to receive this weekly summary via email.

Click here to review the week’s underwriters.

Have a great week.

IPO Underwriters of the Week: September 22 – 26

Congratulations to the corporations and underwriters that worked with our transaction services team. Whether in-house, your-house or 100% virtual… click here to discover why we are the intelligent value for both traditional and confidential IPOs.

VDR_banner_blog

Registrant Form Underwriter 1 Underwriter 2 Underwriter 3 +
SKYLINE MEDICAL INC. S-1 Aegis Capital Corp. ~ ~
DBV TECHNOLOGIES F-1 Citigroup Global Markets Inc. Leerink Partners LLC Bryan, Garnier & Co. / Trout Capital LLC
EVRAZ NORTH AMERICA LTD F-1 Citigroup Global Markets Inc. Goldman, Sachs & Co. ~
MAMMOTH ENERGY PARTNERS LP S-1 Credit Suisse Securities (USA) LLC ~ ~
QUINPARIO ACQUISITION CORP. 2 S-1 Deutsche Bank Securities Inc. Cantor Fitzgerald & Co. ~
ARABELLA EXPLORATION, INC. F-1 EarlyBird Capital, Inc. ~ ~
FANTEX, INC. S-1 Fantex Brokerage Services, LLC ~ ~
HESS MIDSTREAM PARTNERS LP S-1 Goldman, Sachs & Co. Morgan Stanley & Co. LLC ~
EXMAR ENERGY PARTNERS LP F-1 J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Inc. Citigroup Global Markets Inc.
COHERUS BIOSCIENCES, INC. S-1 J.P. Morgan Securities LLC Credit Suisse Securities (USA) LLC Cowen and Company, LLC
ARISTOCRAT GROUP CORP. S-1 Jaxon Group Corp. ~ ~
SB FINANCIAL GROUP, INC. S-1 Keefe, Bruyette & Woods, Inc. ~ ~
FULLCIRCLE REGISTRY INC S-1 Kodiak Capital Group, LLC ~ ~
RICH PHARMACEUTICALS, INC. S-1 Macallan Partners, LLC ~ ~
PES LOGISTICS PARTNERS LP S-1 Merrill Lynch, Pierce, Fenner & Smith Inc. Credit Suisse Securities (USA) LLC ~
VITAL THERAPIES INC S-1 Merrill Lynch, Pierce, Fenner & Smith Inc. William Blair & Company, L.L.C. Canaccord Genuity Inc. / SunTrust Robinson Humphrey, Inc.
WELLS FARGO REAL ESTATE INVESTMENT CORP. S-11 Wells Fargo Securities, LLC ~ ~

Post IPO, thousands of organizations count on us to assure regulatory compliance and target new investors.

Have a great week.

The intelligent and international value for Israel-based issuers

This month, Vintage’s president Liam Power traveled to Tel Aviv to present to a full audience of pre- and post-IPO Israel companies’ CEOs and their senior staff.

The conference was titled “Compliance & Communications Combined: Guiding Israel companies to meet SEC regulations, improve communications & transparency with investors.”

Vintage’s Liam Power and Elliot Goldstein offering “practical practices” in Israel

Vintage’s Liam Power and Elliot Goldstein offering “practical practices” in Israel

According to Liam, many of the attending companies were bio-based looking to (or are already) list on the NYSE. All of the attending companies were looking for insight on smart and successful access to the US capital markets. The questions asked were not about “best practices” but tangible “practical practices.” That’s EXACTLY where intelligent value is focused.

Presenting with Liam was (camera shy) Rakefet Sudri from our Israel office. Topics discussed:

  • The S-1 filing workflow process
  • The need for flexible XBRL filing process and the impact of quality
  • “How Investors Consume Investor Relations Content”
  • Time saving (seamless) workflow from EDGAR out into the newswires

Rakefet did such an exceptional job presenting “How Investors…,” that she has been invited to present in front of 1,500 capital markets professionals at EY’s annual “Journeys” event on October 30th.

For a sneak peek at her presentation, download the source whitepaper here.

Have a great weekend

Adding our expertise to the NYSE Governance Services Boardroom Summit, 9/30 – 10/1

Exciting news for Vintage and the further recognition of our intelligent value begins next week and continues throughout 2015.

“We’re pleased to add Vintage to our quiver of experts,” said Ty Francis, Vice President & Publisher, NYSE Governance Services. “Their practical product experience for regulatory compliance and investor relations complements our other conference series partners and sponsors perfectly.

Our corporate audiences will find their knowledge of the tactical execution of compliance and shareholder communications extremely useful.”

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One benefit of being the silver sponsor and official financial printer for the NYSE Governance Services is a sneak peek at the topics and event materials for next week’s 11th Annual Boardroom Summit.

Topics include:

  • Rethinking Shareholder Engagement in the Age of Activism
  • Social Media and the Changing Landscape of Corporate Disclosure
  • The Regulatory and Rule Making Agendas: What to Expect
  • The Role of Special Committees in M&A Transactions
  • Crisis Preparedness and Response: “When Things Go Bump in The Night”
  • Top Questions the Board Should Ask about Your Compliance and Ethics Program
  • The Art of Shareholder Communication
  • The Real Key to Driving Total Shareholder Return

Wow! Hundreds of CEOs, CFOs, directors, counsel and advisors will be well prepared for what the future may bring the equities they support.

Look for us.

Have a great day.

Congratulations Rivet: celebrating when a partner gets more power

Equity Administration Solutions, Inc. (EASi) today announced that it has signed an agreement to acquire Rivet Software, our partner for bringing superior SaaS portal power to our fleXBRL program. Vintage is the #1 sales partner for Rivet’s Crossfire solution.

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Collectively Rivet and Vintage deliver to clients the ability for automating their XBRL data to flow from a source accounting system, manage documents and spreadsheets in Microsoft Office, file to the SEC and complete all print services, such as S-1 Drafting and Filing, Formatting, Typesetting, Investment Relations, and Deal Management.

The EASI acquisition gives Rivet a Red Bull of opportunity. From the announcement:

“We are very excited about the benefits our customers will receive from this union,” said Madelaine Rohan, Rivet Software CEO. “Our clients will not only continue to receive excellence in technology, services and support from the same industry leading team, but they will also gain from an expanded solution footprint and additional financial strength and investment.”

We are very pleased for the hard-working team at Rivet – and we look forward to them flexing their muscles with new ideas that will continue to improve our clients’ XBRL filing workflow experiences.

A link to a XBRL SaaS comparison checklist can be found on this page.

Have a great day.