Monthly Archives: August 2016

Banks have been reporting in XBRL to the FDIC for almost ten years? Mind=Blown.

Did you know banks have been reporting in XBRL for almost ten years? I did not.

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As reported by Bloomberg BNA, the banking sector have been submitting their mandated quarterly FDIC Call Reports in eXtensible Business Reporting Language (XBRL). “The FDIC saved millions of dollars having all the banks report to them in this very standardized format,” said Glen Gray, professor at California State University. “That sometimes gets lost in these [XBRL] discussions.”

Also, per Bloomberg, “the U.S. Treasury Department, for example, is gearing up to get federal agencies like the Internal Revenue Service and others to use XBRL to submit data reports. Overall, over 60 regulators globally have either adopted or are in the processing of using XBRL. these include: the Netherlands, the European Union, the U.K., Australia, Japan, Korea, India, Russia, Brazil and Mexico.”

This follows on last week’s discussion (READ HERE) of XBRL being used by investors, in spite of general ongoing perceptions. Even as recent as Monday, the National Investor Relations Institute (NIRI) published this statement: “The SEC should resist calls for an expansion of XBRL reporting requirements, in NIRI’s view, until it examines whether a significant number of investors use XBRL and whether the benefits outweigh the compliance costs.”

Let’s be clear. No investor is ever going to say “I use XBRL.” 

The question to ask investors is not “do you use XBRL,’ but rather… “would you like a single source of financial reporting data on an issuer that is directly and verifiably published by that issuer?”

IR should want that too. XBRL is the apex of “controlling your financial narrative.”


Lastly, if you still feel your company is paying too much for XBRL processing, you may be doing it wrong. Contact me directly and I can have you speak to one of our XBRL accountant.

REPORT: 75% of investors ‘unlike’ social media for equity research

To be fair, the reverse is that 25% DO use social media – specifically Twitter and StockTwits as a source of information.

With almost one-quarter of investors reporting they use StockTwits and Twitter for investment news, IR needs to have a strategy in place to assure their voice is in the social stream – even if that strategy is using social media as a one-way newsflow of press releases. Another tile in the shareholder communications mosaic.

One absolute benefit of social media for IR is that it’s easily monitored for real-time investor sentiment. That could be useful during crisis periods or a proxy battle.

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If you want to poke around (again) in social media, go to StockTwits. It’s population is active daytraders – plus, unlike Twitter, StockTwits is very aggressive against allowing any pump-and-dump activity spoil their stream.

This WHITEPAPER offers guidance on using social media for IR

IPOs and Transactions: Aug 22 – 26 / plus merger technology whitepaper

There were 42 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services last week including XG Technology Inc. w/ Robinson Brog Leinwand Greene Genovese & Gluck P.C. and Xtant Medical Holdings Inc. w/ Ballard Spahr LLP..

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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Law firm / advisors Registrant Symbol Form Industry
Agora Holdings, Inc. AGORA HOLDINGS INC ~ 10-12B ~
Akerman LLP BFC FINANCIAL CORP BFCF S-4 Savings institutions, federally chartered
Baker Botts L.L.P. VALERO ENERGY PARTNERS LIMITED PARTNERSHIP VLP S-3 Pipelines, not elsewhere classified
Ballard Spahr LLP XTANT MEDICAL HOLDINGS INCORPORATED XTNT S-1 Biological products, except diagnostic substances
Ballard Spahr LLP OPGEN INC OPGN S-3 Services – medical laboratories
Bernstein Shur, Sawyer & Nelson PEACHTREE ALTERNATIVE STRATEGIES FUND ~ N-2 ~
Bowers Law Firm EQUITY BANCSHARES INC EQBK S-4 State commercial banks
Bryan Cave LLP EQUITY BANCSHARES INC EQBK S-4 State commercial banks
Bryan Cave LLP GRAYBAR ELECTRIC CO INC 1737B S-1 Wholesale – electrical apparatus & equipment, wiring supplies
Cooley LLP AVEXIS INC AVXS S-1 Biological products, except diagnostic substances
Cooley LLP NOVAN INC ~ S-1 Pharma prep.
Cooley LLP APPTIO INC ~ S-1 Services – prepackaged software
Davis Graham & Stubbs LLP GOLDEN MINERALS CO AUMN S-3 Gold ores
Equity One Net Invest Inc. EQUITY ONE NET INVEST INC ~ 1-A ~
Feder Kaszovitz LLP WORLDS INC WDDD S-1 Services – prepackaged software
Fenwick & West LLP GRIDSUM HOLDING INC ~ F-1 Services – prepackaged software
Freshfields Bruckhaus Deringer US LLP SABAN CAPITAL ACQUISITION CORP ~ S-1 Blank checks
Gary R. Henrie, Attorney at Law OXIS INTERNATIONAL INC 0M8T S-1 Pharma prep.
Goodwin Procter LLP PROTEOSTASIS THERAPEUTICS INC PTI S-1 Pharma prep.
Goodwin Procter LLP COLE REAL ESTATE INCOME STRATEGY (DAILY NAV) INC ZREITX S-11 REIT
Green Plains Holdings LLC GREEN PLAINS PARTNERS LP GPP S-3 Chemicals & chemical preparations, not elsewhere classified
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP LPATH INC LPTN S-3 Biological products, except diagnostic substances
Haneberg Hurlbert PLC WHEELER REAL ESTATE INVESTMENT TRUST INC WHLR S-3 REIT
Hogan Lovells US LLP URANIUM RESOURCES INC URRE S-1 Metal mining
Horgan, Rosen, Beckham & Coren, L.L.P. FARMERS & MERCHANTS BANCORP FMCB S-4 National commercial banks
Husch Blackwell LLP GREEN PLAINS PARTNERS LP GPP S-3 Chemicals & chemical preparations, not elsewhere classified
InCorp Services Inc. DUONAS CORP ~ S-1 ~
JP Galda & Co. ALGAE DYNAMICS CORP ~ S-1 Medicinal chemicals and botanical products
Kilpatrick Townsend & Stockton LLP OCEANFIRST FINANCIAL CORP OCFC S-4 Savings institutions, federally chartered
Latham & Watkins LLP AVEXIS INC AVXS S-1 Biological products, except diagnostic substances
Latham & Watkins LLP E.L.F. BEAUTY INC ~ S-1 Perfumes, cosmetics and other toilet preparations
Latham & Watkins LLP NOVAN INC ~ S-1 Pharma prep.
Latham & Watkins LLP TRADE DESK INC ~ S-1 Services – computer programming, data process, etc.
Ledgewood PC CARD-CONNECT CORP CCN S-1 Blank checks
Lowenstein Sandler LLP CYTODYN INC CYDY S-3 Pharma prep.
Luse Gorman, PC BERKSHIRE HILLS BANCORP INC BHLB S-4 Savings institutions, not federally chartered
McGuireWoods LLP BANK OF AMERICA CORP BAC S-3 National commercial banks
Morris, Manning & Martin LLP COLE REAL ESTATE INCOME STRATEGY (DAILY NAV) INC ZREITX S-11 REIT
Morrison & Foerster LLP BANK OF AMERICA CORP BAC S-3 National commercial banks
NMI Health, Inc. NMI HEALTH INC NANM 10-12G Orthopedic, prosthetic and surgical appliances & supplies
Norton Rose Fulbright LLP EQUITY BANCSHARES INC EQBK S-4 State commercial banks
Pearlman Schneider LLP BRIGHT MOUNTAIN MEDIA INC BMAQ S-1 Services – computer programming services
Pepper Hamilton LLP BERKSHIRE HILLS BANCORP INC BHLB S-4 Savings institutions, not federally chartered
Robinson Brog Leinwand Greene Genovese & Gluck P.C. XG TECHNOLOGY INC XGTI S-3 Comms.
Ropes & Gray LLP E.L.F. BEAUTY INC ~ S-1 Perfumes, cosmetics and other toilet preparations
Ropes & Gray LLP PROTEOSTASIS THERAPEUTICS INC PTI S-1 Pharma prep.
Sensory Performance Technology, Inc. SENSORY PERFORMANCE TECHNOLOGY INC ~ 1-A ~
Shumaker, Loop & Kendrick, LLP ORAGENICS INC OGEN S-3 Pharma prep.
Simpson Thacher & Bartlett LLP GRIDSUM HOLDING INC ~ F-1 Services – prepackaged software
Skadden, Arps, Slate, Meagher & Flom LLP SABAN CAPITAL ACQUISITION CORP ~ S-1 Blank checks
Skadden, Arps, Slate, Meagher & Flom LLP OCEANFIRST FINANCIAL CORP OCFC S-4 Savings institutions, federally chartered
Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. BFC FINANCIAL CORP BFCF S-4 Savings institutions, federally chartered
Stuart | Moore FARMERS & MERCHANTS BANCORP FMCB S-4 National commercial banks
Sullivan & Cromwell LLP DISH DBS CORP DISH S-4 Cable & other pay television services
The Norman Law Firm PLLC JRD4256 ENTERPRISES LLC ~ 1-A Services – amusement & recreation services
Wilson Sonsini Goodrich & Rosati PC TRADE DESK INC ~ S-1 Services – computer programming, data process, etc.
Wilson Sonsini Goodrich & Rosati, PC APPTIO INC ~ S-1 Services – prepackaged software
Windels Marx Lane & Mittendorf, LLP CONNECTONE BANCORP INC CNOB S-3 State commercial banks
Wyrick Robbins Yates & Ponton LLP CORMEDIX INC CRMD S-3 Pharma prep.
Zysman, Aharoni, Gayer and Sullivan & Worcester LLP BRIGHT MOUNTAIN MEDIA INC BMAQ S-1 Services – computer programming services

Whether in-house, your-house or 100% virtual… click here to discover why we are the intelligent value for both traditional and confidential IPOs.

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: Aug 22 – 26 / plus merger technology whitepaper

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 Underwriter 1 Underwriter 2 Underwriter 3 +
CARDCONNECT CORP S-1 Cantor Fitzgerald & Co. ~ ~
TRADE DESK INC S-1 Citigroup Global Markets Inc. Jefferies LLC RBC Capital Markets, LLC / Needham and Company, LLC / Raymond James & Associates, Inc.
SABAN CAPITAL ACQUISITION CORP S-1 Deutsche Bank Securities Inc. Goldman, Sachs & Co. ~
CORMEDIX INC S-3 FBR Capital Markets & Co. ~ ~
GRIDSUM HOLDING INC F-1 Goldman Sachs L.L.C. Citigroup Global Markets Inc. Stifel, Nicolaus & Company, Inc.
AVEXIS INC S-1 Goldman, Sachs & Co. ~ ~
APPTIO INC S-1 Goldman, Sachs & Co. JP Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Inc. / Barclays Capital Inc. / Jefferies LLC / RBC Capital Markets, LLC / Pacific Crest Securities
BRIGHT MOUNTAIN MEDIA INC S-1 Joseph Gunnar & Co., LLC ~ ~
E.L.F. BEAUTY INC S-1 JP Morgan Securities LLC Morgan Stanley & Co. LLC Piper Jaffray & Co. / Wells Fargo Securities, LLC / William Blair & Company, L.L.C. / Cowen and Company, LLC / BMO Capital Markets Corp. / Stifel, Nicolaus & Company, Inc. / SunTrust Robinson Humphrey, Inc
PROTEOSTASIS THERAPEUTICS INC S-1 Leerink Partners LLC RBC Capital Markets, LLC H.C. Wainwright & Co., LLC / Robert W. Baird & Co., Inc.
BANK OF AMERICA CORP S-3 Merrill Lynch, Pierce, Fenner & Smith Inc. ~ `
NOVAN INC S-1 Piper Jaffray & Co. JMP Securities LLC Wedbush Securities Inc.
PEACHTREE ALTERNATIVE STRATEGIES FUND N-2 Ultimus Fund Distributors, LLC ~ ~

Post IPO, thousands of organizations count on us to assure regulatory compliance and shareholder communications.

Click here to review the week’s IPOs and active securities law firms.

Have a great week.

The SEC is closed for Labor Day: Monday, September 5

In honor of Labor Day, the SEC is closed on Monday, September 5, 2016. No files can be received. Plan accordingly with your Vintage Account Team.

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Files submitted after 5:30 pm ET, Friday, September 2, 2016 will receive a filing date of Tuesday, September 6, 2016 and will be posted to the public on September 6, 2016 at 6:00 am ET.

As with other holiday closings, the following file types will receive a Friday, September 2, 2016 filing date if filed by 10:00 pm ET on Friday:

  • Section 16 filings (3, 3/A, 4, 4/A, 5, 5/A)
  • Filings pursuant to Rule 462(b)

For any filing with a due date of Monday, September 5, 2016, the SEC will move the due date to the next business day, Tuesday, September 6, 2016.

Please contact your Vintage representative if you foresee any deadline conflicts. We’re always here to help!

DOWNLOAD A 2016 SEC HOLIDAY AND DEADLINE CALENDAR HERE.

Have a great picnic!

SEC says “Access THEN Notice,” not Notice and Access, for Mutual Fund print distribution

With a surprisingly analog mentality, the SEC backtracked on its 2015 Proposed Rule 30e-3 which would allow Mutual Funds to move to a “Notice and Access” online model for the fulfillment and distribution of their semi-annual shareholder reports and quarterly portfolio holdings. This would save the Mutual Fund industry millions of dollars.

Currently, Mutual Fund document delivery is “Access THEN Notice.”

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Here’s the difference:

Notice and Access, which was adopted in 2008 by corporate issuers for their annual report and proxy materials, is a process under which issuers and other soliciting entities can meet their proxy delivery requirements by posting proxy materials on a website, notifying shareholders of the availability of such materials and sending paper or email copies of such materials upon request.

  • Digital documents and internet distribution is the default. Paper documents and hardcopy-mail distribution is the opt-in.

Access THEN Notice is the status quo for Mutual Funds as well as the exact opposite of the equities’ process.

  • Paper documents and hardcopy-mail distribution is the default. Digital documents and internet distribution is the opt-in.

According to the Wall Street Journal, Mutual Funds annually print and mail 440 million shareholder reports at a cost of $308 million. The SEC emphasized data from a 2011 survey in which 59.5% of [Mutual Fund investors] respondents said they would read their Mutual Fund’s annual report online. 24.5% reported they prefer a mailed hardcopy report.

Apples learning from oranges

Much has been written of the initial trial and tribulations of Notice and Access for corporate issuers. Broadridge reports are the most detailed.

What most antagonists of Notice and Access commented about in 2008 and 2009 was the obvious drop in proxy voting by individual investors. Certainly, concerns about voting does not apply for Mutual Funds, but what DOES apply is the “speedbump” of poor communications to investors of this dramatic process change. Corporate investor relations and their corporate secretary have since corrected this – a tangible manifestation being the evolution to highly designed online proxy materials a.k.a. our interactive proxy materials documents.

In regard to Mutual Funds and Rule 30e3, Consumers for Paper Options, a lobbyist group funded by the paper industry’s largest tradegroup and several of North America’s biggest paper manufacturers, have taken the stance that “Notice and Access would impede access for many investors, especially the elderly, those with disabilities and minority Americans — all demographics that are less likely to have regular Internet access.’’

Per the WSJ: “In the end, big paper scissored big Mutual Funds.”

Beholden to our promise of intelligent value, Vintage is agnostic regarding analog or digital.

Our strengths lie in our omnichannel, flexible approach to document production and the subsequent transparent shareholder communications. Specifically for Mutual Funds, is our June 2016 launch of Vintage WorkStream – the concierge service for Investment Advisors / Fund Administrators to produce, SEC file and distribute Mutual Fund prospectus, shareholder reports and marketing materials.

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Click image to view.

Capable of both traditional and automated publishing, Vintage Workstream is an agile document management platform that allows clients to access the best method of execution based upon the production requirements for each and every job.

The end documents easily and equally flow both online and onto a printing press.

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Workstream traditional publishing:

  • Simple workflow, lighter client responsibility and à la carte fees
  • Each document managed and created individually by Vintage
  • Favored stream for small complexes with limited series and Shareholder reports 

Workstream automated publishing with DocuBuilder: 

  • Component content management workflow for large complexes with multiple funds
  • All documents generated automatically from dynamic pool of approved content and data feeds
  • Reduces redundancies and assures content integrity and design continuity across all funds’ documents
  • Enterprise SaaS platform: shared resource across compliance and marketing teams
  • Generate prospectuses and marketing materials from the same content pool
  • Favored stream for large complexes with multiple series and classes of funds as well as aggressively growing complexes

Learn more here.

PS: I totally made up the phrase “Access THEN Notice.” 

Forget about compliance. For investor relations, XBRL is about communications.

XBRL data is shaping the future of the capital markets – just no one knew it.

Since 2009, the capital markets / investor relations industry has been waiting for the broad, universal and simultaneous adoption of XBRL, the “machine-readable” code that underlies SEC forms 10-Q and 10-K. That’s not going to happen – at least not as a Big Bang.

What is happening, in a more Darwinian manner, is that is XBRL has quietly worked its way into the daily dataflow of thousands of investors – in the quantitative trading platforms built by extremely smart people: engineer predictive-modeling-data smart, not Wall Street speculative-gut-reaction smart. Websites like QUANDL.com and DIYquants.com are two of the data hubs for quantitative trading developers.

The best allegory I’ve read is to compare investing with the weather. Legacy Wall Street is still largely based on experience: they can look up in the sky and make a trade decision – like a sheep herder who has worked the same hillside for years. A “Quant” (quantitative trader) is more like a meteorologist. They work computer-based statistical analysis strategies to execute trades when certain data-driven conditions are met.

 

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Today, at many companies, IR and SEC reporting live separate, but equal lives.

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XBRL is the delivery mechanism of your earnings announcement. It’s the earnings call for Quants.

Quants are not on your quarterly conference call, listening to your CEO’s earnings narrative. So, how are Quants receiving your earnings narrative? Directly from you via your XBRL filings. This is why we have our continual hissy-fit blog posts about XBRL quality. Forget about compliance. For investor relations, XBRL is about communications.

 quants2

Quants need to have the same level of IR oversight as any buy-side analyst

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With the explosion of Quants and the equally aggressive Fintech industry, investor relations teams now need to reach a growing investor base that will not ever respond to traditional, narrative-based investor relations. For Quants, XBRL is the narrative – and if the XBRL has errors that corrupts their models, the narrative is not communicated and they’ll bypass that stock.

We counsel clients that a better moniker for building relationships with Quants is financial communications rather than shareholder communications. There is no denying that, looking forward in our Big Data world, the vocabulary of financial communications is XBRL. IR needs to double-check that your company is speaking in that tongue correctly.

Forget about compliance. For investor relations, XBRL is about communications. Get involved. Ask your SEC reporting team for a recap of the most recent filing.

How to write your earnings release for the Associated Press’ automatic reporting engine

Last week, a very interesting question was posed by a client: “Do I need to write my earnings release in any special manner to facilitate better quality reporting by the Associated Press’ (AP) automated journalists?”

The short answer: “No.”

AP_robot

Here’s the long answer:

Working backwards from the AP, we contacted Automated Insights, the company that developed the Wordsmith application behind the AP robo-reporters. Wordsmith is an artificial intelligence (AI) platform that generates human-sounding narrative articles from raw data. The AI stories sound like a person crafted each one of them individually.

After a brief exchange with Automated Insights’ head of communications, James Kotecki, he sent us over to Bryant Sheehy, Director of Business Development at Zacks Investment Research. Zacks’ research is trusted by dozens of financial portals including Yahoo!, MarketWatch, NASDAQ, Forbes and Morningstar. Zacks is where the raw data originates

Now we are at the core of the question. How does Zacks’ extract data from your earnings release? They read it. With actual eyeballs. Owned by actual people. Those actual people then manually enter your numbers into a database.

Only the writing aspect of the AP process is automated, not the data parsing. At its simplest, the Wordsmith application is a “form letter,” however the sophistication of the AI creates very readable content on an immense scale. It has hundreds of applications including sports reporting and personalized customer letters.

Points to be aware of:

The data most coveted in your earning release is the GAAP reporting of Net Income, EPS and Total Revenue. The more buried these numbers are, the slower the reporting. Sheehy commented that with a clear and obvious presentation of your GAPP numbers, your earnings data can be at the APs robo-fingers between 2 – 5 minutes. If your release is still placing prominence on non-GAAP, research can take up to 30 minutes – especially if a web disclosure model is used and researchers need to navigate to the IR website. He did add that the research team does learn, quarter-to-quarter, how each issuer publishes their numbers which aids in increasing speed.

A final thought is that, thanks to the SEC’s newest guidelines (read here) regarding GAAP and non-GAAP reporting, the research team at Zacks will have an easier time getting your results into Wordsmith, into the AP newsfeed and quickly and transparently out to shareholders.

IPOs and Transactions: Aug 15 – 19 / plus merger technology whitepaper

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 Great Basin Scientific Inc. w/ Dorsey & Whitney LLP and Ellenoff Grossman & Schole LLP, Propanc Health Group Corp. w/ Harter Secrest & Emery LLP, Alliance MMA Inc. w/ Magri Law, LLC and Mazzeo Song P.C. Vitality Capital Corp w/ Morrison & Foerster LLP, Alcentra Capital Corp. w/ Sutherland Asbill & Brennan LLP and Fortress Biotech Inc. w/ Wyrick Robbins Yates & Ponton LLP.

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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Law firm / advisor Registrant Symbol Form Industry
Akerman LLP NEFF CORP NEFF S-3 Equipment rental and leasing
Allianz Life Insurance Company of North America ALLIANZ LIFE INSURANCE CO OF NEW YORK ~ S-1 Life insurance
Allianz Life Insurance Company of North America ALLIANZ LIFE INSURANCE CO OF NORTH AMERICA ~ S-1 Life insurance
Alston & Bird LLP FB FINANCIAL CORP ~ S-1 State banks
Andrews Kurth LLP SANCHEZ PRODUCTION PARTNERS LP SPP S-1 ~
Baker Botts L.L.P. SANCHEZ PRODUCTION PARTNERS LP SPP S-1 ~
Baker Botts L.L.P. TRANSOCEAN LTD RIG S-4 Drilling oil and gas
Bart and Associates LLC LIFE CLIPS INC ~ S-1 Motion picture and video tape
Boutin Jones Inc. MOLINA HEALTHCARE INC MOH S-4 Hospital and medical service plans
Brownstein Hyatt Farber Schreck, LLC FULL HOUSE RESORTS INC FLL S-3 Recreation services
BRT Realty Trust BRT REALTY TRUST BRT S-3 Real estate
Bryan Cave LLP SOUTH STATE CORP SSB S-4 ~
Bryan Cave LLP XBIOTECH INC XBIT S-3 Pharma
Carmel, Milazzo & DiChiara LLP ECOARK HOLDINGS INC MGLT S-3 Semi- conductors
Cooley LLP U.S. AUTO PARTS NETWORK INC PRTS S-3 ~
Cooley LLP THAR PHARMACEUTICALS INC ~ S-1 Pharma
Cooley LLP EVERBRIDGE INC ~ S-1 Software services
Cravath, Swaine & Moore LLP PINNACLE FOODS FINANCE LLC PF S-4 Food products
Davis Wright Tremaine LLP HOMESTREET INC HMST S-4 Savings institutions
Dentons US LLP GALECTIN THERAPEUTICS INC GALT S-3 Pharma
Dorsey & Whitney LLP GREAT BASIN SCIENTIFIC INC GBSN S-1 Surgical insts.
EAD Law Group, LLC TRITON ACQUISITION CO ~ S-1 ~
EliteSoft Global, Inc. ELITESOFT GLOBAL INC ~ S-1 Blank check
Ellenoff Grossman & Schole LLP GREAT BASIN SCIENTIFIC INC GBSN S-1 Surgical insts.
Farmer Bros. Co. FARMER BROTHERS CO FARM S-3 Miscellaneous food
Foley & Lardner LLP MANITOWOC FOODSERVICE INC MFS S-4 Industrial services
Goodwin Procter LLP THAR PHARMACEUTICALS INC ~ S-1 Pharma
Goodwin Procter LLP EVERBRIDGE INC ~ S-1 Software services
Harter Secrest & Emery LLP PROPANC HEALTH GROUP CORP PPCH S-1 Pharma
Latham & Watkins LLP FB FINANCIAL CORP ~ S-1 State banks
Legal & Compliance, LLC GREENBELT RESOURCES CORP GRCO 1-A Apparel
Loeb & Loeb LLP SMITH MICRO SOFTWARE INC SMSI S-3 Software services
Magri Law, LLC ALLIANCE MMA INC ~ S-1 Recreation services
Manatt, Phelps & Phillips, LLP PINGTAN MARINE ENTERPRISE LTD PME S-3 Blank check
Mazzeo Song P.C. ALLIANCE MMA INC ~ S-1 Recreation services
Morgan, Lewis & Bockius LLP BGC PARTNERS INC BGCA S-4 Security brokers
Morrison & Foerster LLP VITALITY BIOPHARMA INC STVF S-1 ~
Musick, Peeler & Garrett LLP FARMER BROTHERS CO FARM S-3 Miscellaneus food
Norton Rose Fulbright US LLP DXP ENTERPRISES INC DXPE S-3 ~
Paul Hastings LLP MANDATORY EXCHANGEABLE TRUST ~ N-2 ~
Paul, Weiss, Rifkind, Wharton & Garrison LLP PLY GEM HOLDINGS INC PGEM S-3 Plywood / structural wood
Paul, Weiss, Rifkind, Wharton & Garrison LLP VIRTU FINANCIAL INC VIRT S-3 Security brokers
Richards, Layton & Finger, PA TRANSOCEAN LTD RIG S-4 Drilling oil and gas
Sichenzia Ross Friedman Ference LLP SITO MOBILE LIMITED SITO S-3 ~
Simpson Thacher & Bartlett LLP DJO FINANCE LLC ~ S-4 Orthopedic, prosthetic, surgical
Skadden, Arps, Slate, Meagher & Flom LLP BLACKROCK INC BLK S-3 Security brokers
Southeastern Bank Financial Corporation SOUTH STATE CORP SSB S-4 ~
Stikeman Elliott LLP XBIOTECH INC XBIT S-3 Pharma
Sutherland Asbill & Brennan LLP ALCENTRA CAPITAL CORP ABDC N-2 Investment services
Sutherland Asbill & Brennan LLP NEW MOUNTAIN FINANCE CORP NMFC N-2 Investment services
Thompson Hine LLP BLUE SPHERE CORP BLSP S-1 Computer programming
Trowbridge Sidoti MADYSON EQUITY GROUP LP ~ 1-A Real estate
Wachtell, Lipton, Rosen & Katz SOUTH STATE CORP SSB S-4 ~
Wachtell, Lipton, Rosen & Katz TRIUMPH BANCORP INC TBK S-3 State banks
Wilson Sonsini Goodrich & Rosati, PC NANTKWEST INC NK S-3 Biological products
Wyrick Robbins Yates & Ponton LLP FORTRESS BIOTECH INC FBIO S-3 Pharma

Whether in-house, your-house or 100% virtual… click here to discover why we are the intelligent value for both traditional and confidential IPOs.

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: Aug 15 – 19 / plus merger technology whitepaper

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.

700_email-banner-Recovered

Registrant Form Underwriter 1 Underwriter 2 Underwriter 3 +
ALLIANZ LIFE INSURANCE CO OF NEW YORK S-1 Allianz Life Financial Services, LLC ~ `
ALLIANZ LIFE INSURANCE CO OF NORTH AMERICA S-1 Allianz Life Financial Services, LLC ` ~
EVERBRIDGE INC S-1 Credit Suisse Securities LLC Merrill Lynch, Pierce, Fenner & Smith Inc. Stifel, Nicolaus & Company, Inc. / Pacific Crest Securities / Raymond James & Associates, Inc. / Canaccord Genuity Inc. / William Blair & Company, L.L.C.
FB FINANCIAL CORP S-1 J.P. Morgan Securities LLC UBS Securities LLC Keefe, Bruyette & Woods, Inc.
SANCHEZ PRODUCTION PARTNERS LP S-1 Johnson Rice & Company L.L.C. ~ ~
TRITON ACQUISITION CO S-1 Larry Beazer ~ ~
GREAT BASIN SCIENTIFIC INC S-1 Roth Capital Partners, LLC ~ ~
THAR PHARMACEUTICALS INC S-1 SunTrust Robinson Humphrey, Inc. ~ ~

Post IPO, thousands of organizations count on us to assure regulatory compliance and shareholder communications.

Click here to review the week’s IPOs and active securities law firms.

Have a great week.