Monthly Archives: May 2017

“Wow, you are better than our auditors!”

“Fast turns, spot-on execution and absolute cost transparency” has redefined Vintage, helping us to be a top three solution in North America.

Our work is highlighted every Monday in our IPOs and Transactions of the Week blog and email.  Importantly, our week’s success is further highlighted (and celebrated) by the appreciative notes our operations people receive each day from our clients.

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We can’t not share the good news (anonymized for privacy). Sales can offer you full named references. Here is just a handful of our client services “Kudos” for this week.

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Thank you for all your hard work and diligence in getting us past this important milestone. We look forward to the successful closing of the biggest Indian Nasdaq IPO very soon!

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Thank you, vintage, for your assistance and prompt service.  You guys do a great job of keeping us on schedule and your accuracy is unsurpassed. .

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Your team did a great job, as always!

Our CFO was also impressed with your handling of the Proxy Statement as well.

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Once, again, I thank you for your diligence and help in getting this filing done expeditiously, accurately and timely.

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Thank you again for working with us, it’s been a pleasure. I’m really happy with how the book came out and I’m really grateful for the continuous support and expertise you provided.  You were always there and willing to work out the details for us. 

You made this really easy for me.

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Vintage team and EY Team, I wanted to thank you all for your hard work and dedication.
We appreciate your support in us.

Have a great weekend! Thank you very much.

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Thank you for all of your work on our 10-K. It is finally ready to go. Again, on behalf of my entire team, thank you for all of your hard work during this busy 10-K season!.

Our rebrand was not just a logo change – it was a systemic and cultural reform throughout our operations.  

International dealmaking impact on the US

Like any ecosystem, the world economy is deeply interconnected, and while America remains the largest single economy in the world, it’s the biggest fish in a pond with some pretty big fellow swimmers, and news from Europe and Asia most definitely affects the United States, just as the American market can dictate ups or downs for foreign affairs. For proof of this, look no further than the Greek crisis of 2011, with Standard & Poor’s 500-stock index dropping 18.6% in one year over concerns about Greece. Meanwhile, China’s potential slowdown could send American markets crashing like it’s 1929. With all this in mind, we should take a look at the business situations overseas and how they might influence American stocks.

Signs are the Same Everywhere

Financial experts and strategists pay attention to the same factors for foreign as for American markets, including GDP and the purchasing managers index that measures the health of manufacturing and services. So the good news is, according to these metrics Europe is in the process of stabilizing after the Brexit vote, a boon especially to companies that export to European destinations and are hoping their products don’t fall by the wayside.

It also bears watching major market indexes like Germany’s ZEW Indicator of Economic Sentiment, Japan’s Nikkei, or China’s Shanghai Composite, a good way of anticipating problems both at home and abroad.

Monetary Policy: the Changing of the Guard

Foreign fiscal policy can have a serious impact on domestic fiscal reality. Japan, China, and the United Kingdom all have relatively new leaders, and paying attention to how those leaders and their appointees set policy, as this will indicate their country’s direction moving forward and mean appropriate feedback on this side of the pond.

When anticipating the impact of foreign economies or preparing to invest in foreign firms, companies should retain the services of a financial printing firm for easy access to automated publishing, mutual fund publishing, content management, and more. Printing firms remain abreast of the latest trends in mergers & acquisitions and IPO publishing, and employ experts in XBRL and SEC filings to help report any acquisitions or divestitures at the end of the fiscal year.

As a new chairman takes over the Securities and Exchange Commission, how will the agency’s priorities change?

Download our whitepaper today to hear from three leading corporate governance experts on the matter.

“Please hold your DAM* questions until after the DAM tour”

*Digital Asset Management

Everything is digital today, from banking transactions to text messages to meeting a potential spouse. Running a business has most definitely gone digital, with communication, organization, and more all available at the touch of a button. And one of the most important ways companies can leverage digital technologies is to organize, search, store, edit, and distribute company assets to coworkers and business partners using Digital Asset Management (DAM). Exactly what it sounds like but so much more powerful than that, Digital Asset Management helps companies make the absolute best use of the ever-expanding library of digital documents they create every day. DAM is utterly indispensable to today’s businesses, and here are just a few reasons why:

Replacing Old Systems

Once upon a time, companies organized their digital assets using file folders. Yet recent high turnover among employees has combined with the sheer amount of digital assets being created by today’s firms to require a new approach to sorting and accessing projects and pieces of documentation.

And this is absolutely a need, not a want! Companies today are storing their assets across a range of locations like the cloud, shared drives, wikis, personal emails, and other places important assets can be lost or forgotten. And when that happens, the scramble to hunt down the right file amid a decentralized, disorganized mess can create more inefficiency than before, actually lowering productivity!

Beneficial

Here are just some of the many benefits of using a DAM system to store all of a company’s digital assets for easy access:

  • DAM makes it possible to take work wherever one goes, so all that’s needed is a laptop or even table to get some serious work done on the road
  • A companywide storage and organization system everyone knows how to use will increase productivity, promote corporate culture, and prevent the loss of productivity caused by people hunting out lost files
  • Leadership can change permissions on individual files easily, toggling who can access individual files with a few taps of a button

Full Disclosure

DAM systems make it a breeze to share documents, projects, and files with employees, contractors, and even business partners or potential acquisitions or buyers. Collaborating and negotiating both become easy when any given pertinent file is just a swift interaction away. A partner who needs a spreadsheet can receive it quickly, and a potential buyer who wants internal documentation can receive it minutes after asking.

For assistance choosing the correct Digital Asset Management software, companies should contact their trusted financial printing firm. Some such services provide their own DAM software, and certainly know what suite to recommend. Help is available to leverage DAM for content management, XBRL and SEC Filings, and every business transaction from Mergers & Acquisitions to IPOs.

The investment industry is experiencing upheaval due to the rise of passive funds and robo-advisors. At the same time, the regulatory environment is in major flux. How will the changing conditions affect dealmaking in the sector? Download our whitepaper for answers.

 

 

IPOs and Transactions: May 15 – 19 / plus M&A whitepaper

There were 37 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services including, United Community Banks Inc. w/ Nelson Mullins Riley & Scarborough, LLP & Troutman Sanders LLP, Sky Wolf Wind Turbine Corp. w/ Cassidy & Associates, Constellation Alpha Capital Corp. w/ Ellenoff Grossman & Schole LLP, Ogier, &  Skadden, Arps, Slate, Meagher & Flom LLP, Themaven Inc. w/ Golenbock Eiseman Assor Bell & Peskoe LLP.

We appreciate that they selected to work with us and benefited from our fast turns, spot-on execution and absolute cost transparency.

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Law firm / advisor Registrant Symbol Form Industry
Andrews Kurth Kenyon LLP CONE MIDSTREAM PARTNERS LP CNNX S-3 Natural gas transmission
Barack Ferrazzano Kirschbaum & Nagelberg LLP COUNTY BANCORP INC ICBK S-3 State commercial banks
Cassidy & Associates SKY WOLF WIND TURBINE CORP ~ S-1 ~
Clyde Snow & Sessions, PC PREMIER BIOMEDICAL INC BIEI S-1 Biological products
Cooley LLP THRESHOLD PHARMACEUTICALS INC THLD S-4 Pharma preparations
Dechert LLP DIFFUSION PHARMACEUTICALS INC DFFN S-3 Pharma preparations
Dentons US LLP GALECTIN THERAPEUTICS INC GALT S-3 Pharma preparations
Disclosure Law Group, PC BRIDGELINE DIGITAL INC BLIN S-3 Prepackaged software
Ellenoff Grossman & Schole LLP CONSTELLATION ALPHA CAPITAL CORP ~ S-1 Blank check
Eversheds Sutherland LLP NEW MOUNTAIN FINANCE CORP NMFC N-2 Unit investment trusts
Fox Rothschild, LLP PACIFIC VENTURES GROUP INC PACV S-1 Fire, marine & casualty insurance
Frank J. Hariton, Esq. SAUER ENERGY INC SENY S-1 Drilling oil & gas wells
Freshfields Bruckhaus Deringer US LLP TCG BDC INC ~ N-2 ~
Fried, Frank, Harris, Shriver & Jacobson LLP JELD-WEN HOLDING INC JELD S-1 Millwork
Golenbock Eiseman Assor Bell & Peskoe LLP THEMAVEN INC RDOC S-1 Surgical & medical instruments & apparatus
Goodwin Procter LLP TRADING DESK INC ~ S-1 Computer programming services
Goodwin Procter LLP VBI VACCINES INC/BC ~ S-3 Gold & silver ores
K&L Gates LLP EVANSTON ALTERNATIVE OPPORTUNITIES FUND ~ N-2 ~
Latham & Watkins LLP JELD-WEN HOLDING INC JELD S-1 Millwork
Latham & Watkins LLP NIVALIS THERAPEUTICS INC NVLS S-4 Pharma preparations
Ledgewood, PC INDEPENDENCE REALTY TRUST INC IRT S-3 REIT
McGuireWoods LLP PUBLIC SERVICE CO OF NEW MEXICO PNM S-3 Electric & other services combined
Mei & Mark LLP AGM GROUP HOLDING INC ~ F-1 ~
Mintz Levin Cohn Ferris Glovsky & Popeo, P.C. THRESHOLD PHARMACEUTICALS INC THLD S-4 Pharma preparations
Mitchell Silberberg & Knupp LLP VBI VACCINES INC/BC ~ S-3 Gold & silver ores
Naerodynamics, Inc. NAERODYNAMICS INC NDYN S-1 Amusement & recreation
Nelson Mullins Riley & Scarborough, LLP UNITED COMMUNITY BANKS INC UCBI S-4 State commercial banks
Ogier CONSTELLATION ALPHA CAPITAL CORP ~ S-1 Blank check
Ortoli Rosenstadt LLP AGM GROUP HOLDING INC ~ F-1 ~
Pearlman Law Group LLP SOCIAL REALITY INC SRAX S-3 Advertising agencies
Pete Wilke, Esq. ADVANCED FUEL TECHNOLOGIES LTD ~ 1-A ~
Polsinelli PC PETROSHARE CORP ~ S-1 Crude petroleum & natural gas
Porter Hedges LLP PETROSHARE CORP ~ S-1 Crude petroleum & natural gas
Proskauer Rose LLP TCG BDC INC ~ N-2 ~
Reed Smith LLP BRIGHTHOUSE LIFE INSURANCE CO ~ S-3 Life insurance
Schulte Roth & Zabel LLP ALBERTSONS COMPANIES LLC SWY S-4 Wholesale – groceries & related products
Sidley Austin LLP NIVALIS THERAPEUTICS INC NVLS S-4 Pharma preparations
Sidley Austin LLP PROSHARES VIX MID-TERM FUTURES ETF AGQ S-3 Management investment offices, open-end
Sidley Austin LLP PROSHARES VIX MID-TERM FUTURES ETF AGQ S-1 Management investment offices, open-end
Skadden, Arps, Slate, Meagher & Flom LLP BLACKROCK PREFERRED PARTNERS LLC ~ N-2 ~
Skadden, Arps, Slate, Meagher & Flom LLP CONSTELLATION ALPHA CAPITAL CORP ~ S-1 Blank check
Sullivan & Cromwell LLP CIM COMMERCIAL TRUST CORP CMCT S-11 REIT
Sullivan & Cromwell LLP TCG BDC INC ~ N-2 ~
Troutman Sanders LLP UNITED COMMUNITY BANKS INC UCBI S-4 State commercial banks
TroyGould PC SIGMA LABS INC SGLB S-1 Repair services
Uranium Energy Corp. URANIUM ENERGY CORP UEC S-3 Misc.metal ores
Wilmer Cutler Pickering Hale and Dorr LLP SYROS PHARMACEUTICALS INC SYRS S-1 Pharma preparations
Wilson Sonsini Goodrich & Rosati PC TRADING DESK INC ~ S-1 Computer programming services
Wilson Sonsini Goodrich & Rosati, P.C. BIOCARDIA INC CKST S-3 Orthopedic, prosthetic & surgical appliances & supplies

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: May 15 – 19 / plus M&A 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 +
JELD-WEN HOLDING INC S-1 Barclays Capital Inc. Citigroup Global Markets Inc. Credit Suisse Securities LLC / J.P. Morgan Securities LLC
BRIGHTHOUSE LIFE INSURANCE CO S-3 Brighthouse Securities, LLC ~ ~
VBI VACCINES INC/BC S-3 Canaccord Genuity Inc. ~ ~
TRADING DESK INC S-1 Citigroup Global Markets Inc. Jefferies LLC / RBC Capital Markets, LLC Needham and Company, LLC / Raymond James & Associates, Inc.
CONSTELLATION ALPHA CAPITAL CORP S-1 Cowen and Company, LLC I-Bankers Securities, Inc. ~
SAUER ENERGY INC S-1 East Six Opportunity Fund, LLC ~ ~
GALECTIN THERAPEUTICS INC S-3 FBR Capital Markets & Co. ~ ~
PETROSHARE CORP S-1 Johnson Rice & Company L.L.C. Seaport Global Securities LLC ~
CIM COMMERCIAL TRUST CORP S-11 Leumi Partners Underwriting Ltd. ~ ~
THEMAVEN INC S-1 MDB Capital Group LLC ~ ~
TCG BDC INC N-2 Merrill Lynch, Pierce, Fenner & Smith Inc. / Morgan Stanley & Co. LLC J.P. Morgan Securities LLC / Citigroup Global Markets Inc. / Keefe, Bruyette & Woods, Inc. Wells Fargo Securities, LLC / HSBC Securities Inc. / Mizuho Securities USA LLC
AGM GROUP HOLDING INC F-1 Network 1 Financial Securities, 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.

Digital disruption in the middle market

Companies are using leading-edge technologies to gain efficiencies, strengthen their targeting efforts and transform their businesses. As the Internet of Things, artificial intelligence, and advanced analytics become commonplace in the dealmaking landscape, what effect is this trend having on the middle market?

Points of discussions include:

  • Which non-tech sectors in the mid-market are being most impacted by digital disruption?
  • How are technology considerations affecting the strategies of private equity buyers?
  • How are mid-market firms responding to the increasing pressure to compete with venture-backed, high-tech start-ups?

Toppan Vite question: Which non-tech sectors in the mid-market do you think are being most affected by digital disruption? Which sectors would you say need to play catch up most to stay competitive? 5 dealmakers weigh in.

Steven Barth: Healthcare, insurance, and financial services are certainly at the top of the list of sectors being dramatically impacted by digitization. We are seeing a lot of money being plunged into Internet of Things (IoT) and big data technologies in these industries in order to drive more efficiency and enhance the targeting of customers. Fascinating work is being done in the insurance industry as old-line property and casualty companies try to get better data to lower their loss ratios and improve the behavior of their insurance customers.

The way in which insurance companies are fueling this innovation is interesting as well. In the past, insurers mostly invested their holdings in blue-chip stocks or the bond market, and maybe allocated a little bit to private equity. But now, a number of old-line insurance companies have said, “Look, we not only want to invest as part of our investment strategy but as part of our business strategy. We need to invest in more start-up, early-stage, high-tech companies that will help us drive better operational results and better portfolio results from our standard-line policies.” So they’re melding both strategies together.

James Cassel: Business transformation is a constant process. At our firm we have three main verticals, which are technology, healthcare, and aviation, as well as a general practice, and healthcare and retail are two areas that are being dramatically transformed by digital disruption. On the retail side, take a business like Blockbuster Video. If you were
a Blockbuster franchisee and you sold your business 10 years ago, you would’ve made a moderate return on your investment. If you held onto it until five years ago, you would’ve been on the verge of extinction. And today, I’m not sure that a single Blockbuster franchisee remains. What changed was the rise of services like Netflix and on-demand video – technology-based innovations that have destroyed that old business model.

Philo Tran: We are certainly seeing many companies think about how to use leading-edge technologies – such as IoT, virtual and augmented reality, mobile technologies, advanced analytics, and artificial intelligence – to transform their businesses. Digital technologies alter business processes but also create opportunities to develop new business models and new revenue streams. It’s not only about efficiency. I’ve seen the most interesting applications of digital technologies from low-tech industries. Augmented reality is used in manufacturing environments to guide humans assembling parts in a way that virtually eliminates errors.

The system tells the person which parts to connect and where, and if it sees the wrong part being used it will send a warning signal to the assembler. Connected aircraft engines are telling airlines when a part is about to fail and, thanks to the cloud, the system can find the closest supplier of that part and order a replacement. If you own a pool, your pool pump can detect when electricity rates are too high and shut off temporarily and your pool can even selfbalance the pH level without any human intervention.

Bryan Jaffe: Every sector is impacted by digital disruption, just as Philo said. Among those most impacted is brickand-mortar retail: whether it’s grocery, specialty, mass, or discount, as a class of competitors, they are all being disrupted by technology. And it is observable through a variety of metrics – for instance, commerce sales relative to retail sales, or stock prices of traditional retailers versus those dominating the ecommerce landscape. When you look at ecommerce sales as a percentage of total retail sales, the share of ecommerce sales is expected to grow on average at about 6% over the next five years, and that should continue for the foreseeable future. Additionally, if you look at Amazon’s stock price, which we consider to be the ecommerce bellwether, versus that of Walmart, the return scale is striking. Over the last five years, Amazon’s stock price is up close to 350%. In contrast, Walmart’s stock price is up 15% over that same period. This demonstrates how technology is not only disrupting a category but also shifting where value is created among classes of competitors.

Joe Manning: I would agree with Philo and Bryan – it’s tough to find an industry that is not being impacted by new business models that have some sort of software or digital component. For example, Riverside’s portfolio company Soothe is revolutionizing the massage industry via transforming how consumers hire and receive massages. Consumers can book massages through a smartphone app or website and receive a licensed massage therapist at their door in as little as 60 minutes.

Capital Markets Disruptor: Real Estate Crowdfunding in the USA

Guest bloggers: Mark Schonberger, Partner and Daniel Koehler, Associate

Public REITs and other sponsors of real estate funds and projects have traditionally enjoyed the benefit of a broad range of choices to raise capital. Public REITs can obtain financing on a project-by-project basis or at the corporate level by means of public offerings or private placements, and REITs can also access capital as sponsors of their own opportunity funds or through strategic joint ventures. Similarly, private real estate sponsors have historically relied on a variety of nonpublic capital raising mechanisms at the property, joint venture or fund level.

We’re proud to have supported Goodwin Procter by providing the Regulation A+ data for this article and whitepaper.

Each of these means offers unique advantages and disadvantages, and each figures prominently in the real estate investment landscape. However, that landscape is poised to be considerably disrupted by the advent of real estate crowdfunding, which can lower the cost of raising capital while offering a broader range of investment options.

 

 

IPOs and Transactions: May 8 -12 / plus M&A whitepaper

There were 60 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services last week including Elite Pharmaceuticals Inc. w/ Silverman Shin & Byrne, Farmers & Merchants Bancshares Inc. w/ Gordon Feinblatt LLC, Phillips Edison Grocery Center REIT III Inc. w/ DLA Piper LLP, Rosetta Genomics LTD w/ Mintz, Levin, Cohn, Ferris, Glovsky and Popeo PC and Zysman, Aharoni, Gayer and Sullivan & Worcester LLP and WPCS International Inc. w/ K&L Gates LLP.

We appreciate that they selected to work with us and benefited from our fast turns, spot-on execution and absolute cost transparency.

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Lae firm / advisor Registrant Symbol Form Industry
Akin Gump Strauss Hauer & Feld LLP STONE ENERGY CORP SGY S-3 Crude petroleum & natural gas
Avalon GloboCare Corp. AVALON GLOBOCARE CORP S-1 Prepackaged software
Baker Botts L.L.P. ENLINK MIDSTREAM PARTNERS LIMITED PARTNERSHIP ENLK S-3 Petroleum & petroleum productS
Ballard Spahr LLP TRANSENTERIX INC TRXC S-3 Blank check
Becker & Poliakoff LLP DLH HOLDINGS CORP DLHC S-3 Help supply services
Clifford Chance US LLP SUTHERLAND ASSET MANAGEMENT CORP ZFC S-3 REITs
Cooley LLP CYMABAY THERAPEUTICS INC CBAY S-3 Pharma. preparations
Critchfield, Critchfield & Johnston, Ltd. FARMERS NATIONAL BANC CORP FMNB S-4 State commercial banks
Davis Polk & Wardwell LLP CONTURA ENERGY INC ~ S-1 ~
Debevoise & Plimpton LLP US LBM HOLDINGS INC ~ S-1 ~
Debevoise & Plimpton LLP GMS INC GMS S-1 Lumber & other construction materials
DLA Piper LLP PHILLIPS EDISON GROCERY CENTER REIT III INC S-11 REITs
DLA Piper LLP CONNECTURE INC CNXR S-3 Prepackaged software
Drone USA, Inc. DRONE USA INC ~ 10-12G ~
Fenwick & West LLP CASCADIAN THERAPEUTICS INC ONTY S-3 In vitro & in vivo diagnostic substances
Fried, Frank, Harris, Shriver & Jacobson LLP GMS INC GMS S-1 Lumber & other construction materials
Gibson, Dunn & Crutcher LLP BIOCRYST PHARMACEUTICALS INC BCRX S-3 Biological products
Gibson, Dunn & Crutcher LLP AECOM ACM S-4 Engineering services
Gordon Feinblatt LLC FARMERS & MERCHANTS BANCSHARES INC S-1 Savings institutions
Greenberg Traurig, P.A. SBA COMMUNICATIONS CORP SBAC S-4 Comms. Services
GreenMo, Inc. GREENMO INC ~ 1-A ~
Griffin Capital Company, LLC PHILLIPS EDISON GROCERY CENTER REIT III INC S-11 REITs
H.C. Wainwright & Co., LLC MATEON THERAPEUTICS INC MATN S-1 Biological products
Homeier Law PC STAAR SURGICAL CO STAA S-3 Ophthalmic goods
Jones Day TRANSDIGM INC BZC;TDG S-4 ~
Jones Walker LLP FREEPORT- MCMORAN INC FCX S-4 Metal mining
K&L Gates LLP WPCS INTERNATIONAL INC WPCS S-3 Comms. Services
King & Spalding LLP BEAZER HOMES USA INC BZH S-4 Operative builders
Kirkland & Ellis LLP VICI PROPERTIES INC ~ 10-12G ~
Kirkland & Ellis LLP OASIS MIDSTREAM PARTNERS LP S-1 Drilling oil & gas wells
Kirkland & Ellis LLP NRG YIELD LLC S-4 Electric services
Latham & Watkins LLP CONTURA ENERGY INC ~ S-1 ~
Latham & Watkins LLP CONTRAFECT CORP CFRX S-3 Pharma. preparations
Latham & Watkins LLP BLACKLINE INC BL S-1 Prepackaged software
Latham & Watkins LLP CYTORI THERAPEUTICS INC CYTX S-3 Surgical & medical instruments & apparatus
Law Offices of Alexander E. Kuhne, P.C. LOYAL SOURCE MARKET SERVICES INC ~ S-1 ~
Law Offices of T. J. Jesky UBI BLOCKCHAIN INTERNET LTD-DE JAEN S-1 Industrial organic chemicals
Ledgewood, PC RAIT FINANCIAL TRUST RAS S-3 REITs
Loeb & Loeb LLP LOTON CORP LTNR S-1 Computer programming, data process, etc.
Matheau J. W. Stout, Esq. AGILITY HEALTH & WELLNESS CORP ~ S-1 ~
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. MATEON THERAPEUTICS INC MATN S-1 Biological products
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. ROSETTA GENOMICS LTD ROSG F-1 Pharma. preparations
Mitchell, Williams, Selig, Gates & Woodyard, P.L.L.C. HOME BANCSHARES INC HOMB S-4 State commercial banks
Morgan, Lewis & Bockius LLP ANTARES PHARMA INC ATRS S-3 Surgical & medical instruments & apparatus
Norton Rose Fulbright US LLP RIGNET INC RNET S-3 Comms. Services
Olshan Frome Wolosky LLP ID SYSTEMS INC IDSY S-3 Comms. Equipment
Perkins Coie LLP CAI INTERNATIONAL INC CAI S-3 Equipment rental & leasing, not elsewhere classified
Phillips Edison & Company PHILLIPS EDISON GROCERY CENTER REIT III INC S-11 REITs
Pillsbury Winthrop Shaw Pittman LLP UPLAND SOFTWARE INC UPLD S-3 Prepackaged software
Quick Law Group PC ISSUER DIRECT CORP ISDR S-3 Commercial printing
Shearman & Sterling LLP ADVANCED DISPOSAL SERVICES INC ADSW S-3 Refuse systems
Shumaker, Loop & Kendrick, LLP LEGACY EDUCATION ALLIANCE INC LEAI 10-12G Educational services
Sichenzia Ross Ference Kesner LLP DATARAM CORP DRAM S-3 Computer storage devices
Sidley Austin LLP PROSHARES VIX MID-TERM FUTURES ETF AGQ S-1 Management investment offices, open-end
Sidley Austin LLP PROSHARES VIX MID-TERM FUTURES ETF AGQ S-1 Management investment offices, open-end
Sidley Austin LLP ATHENEX INC S-1 Pharma. preparations
Silverman Shin & Byrne ELITE PHARMACEUTICALS INC ELI S-3 Pharma. preparations
Simpson Thacher & Bartlett LLP ATHENEX INC S-1 Pharma. preparations
Skadden, Arps, Slate, Meagher & Flom LLP US LBM HOLDINGS INC ~ S-1 ~
Skadden, Arps, Slate, Meagher & Flom LLP LOTON CORP LTNR S-1 Computer programming, data process, etc.
Squire Patton Boggs LLP HOME BANCSHARES INC HOMB S-4 State commercial banks
Steven I. Weinberger, P.A. FUSION TELE-COMMUNICATIONS INTERNATIONAL INC FSNN S-1 Telephone communications
Stradley Ronon Stevens & Young, LLP INVESCO HIGH INCOME 2024 TARGET TERM FUND ~ N-2 ~
Tracy Law Firm, Ltd. 1212 DEVELOPMENT CORP ~ 1-A ~
Vinson & Elkins L.L.P. OASIS MIDSTREAM PARTNERS LP S-1 Drilling oil & gas wells
Vinson & Elkins L.L.P. HI-CRUSH PARTNERS LP HCLP S-3 Mining & quarrying nonmetallic minerals, except fuels
Vinson & Elkins L.L.P. CRESTWOOD MIDSTREAM PARTNERS LP CMLP S-4 Natural gas transmission
Vorys, Sater, Seymour and Pease LLP FARMERS NATIONAL BANC CORP FMNB S-4 State commercial banks
Wachtell, Lipton, Rosen & Katz CARS.COM INC S-1 Computer processing & data preparation
Weil, Gotshal & Manges LLP CANNAE HOLDINGS INC ~ S-4 ~
Willkie Farr & Gallagher LLP CREDIT SUISSE HIGH YIELD BOND FUND DHY N-2 Investment advice
Wilson Sonsini Goodrich & Rosati, P.C. BLACKLINE INC BL S-1 Prepackaged software
Wyrick Robbins Yates & Ponton LLP CITIUS PHARMACEUTICALS INC TRLO S-1 Motor vehicle parts & accessories
Zysman, Aharoni, Gayer and Sullivan & Worcester LLP CITIUS PHARMACEUTICALS INC TRLO S-1 Motor vehicle parts & accessories
Zysman, Aharoni, Gayer and Sullivan & Worcester LLP ROSETTA GENOMICS LTD ROSG F-1 Pharma. preparations

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: May 8 – 12 / plus M&A 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 +
CITIUS PHARMACEUTICALS INC S-1 Aegis Capital Corp. Chardan Capital Markets, LLC
GMS INC S-1 Barclays Capital Inc. RBC Capital Markets, LLC Credit Suisse Securities LLC
US LBM HOLDINGS INC S-1 Barclays Capital Inc. RBC Capital Markets, LLC Credit Suisse Securities LLC
GMS INC S-1 Barclays Capital Inc. RBC Capital Markets, LLC Credit Suisse Securities LLC
US LBM HOLDINGS INC S-1 Barclays Capital Inc. RBC Capital Markets, LLC Credit Suisse Securities LLC
LOTON CORP S-1 BMO Capital Markets Corp. ~ ~
CONTURA ENERGY INC S-1 Citigroup Global Markets Inc. ~ ~
ATHENEX INC S-1 Credit Suisse Securities LLC J.P. Morgan Securities LLC Deutsche Bank Securities Inc.
BLACKLINE INC S-1 Goldman Sachs & Co. LLC / J.P. Morgan Securities LLC Pacific Crest Securities / Raymond James & Associates, Inc. William Blair & Company, L.L.C. / JMP Securities LLC
CYMABAY THERAPEUTICS INC S-3 JonesTrading Institutional Services LLC ~ ~
ELITE PHARMACEUTICALS INC S-3 Lincoln Park Capital Fund, LLC ~ ~
OASIS MIDSTREAM PARTNERS LP S-1 Morgan Stanley & Co. LLC / Citigroup Global Markets Inc. / Wells Fargo Securities, LLC / Credit Suisse Securities LLC / Deutsche Bank Securities Inc. / Goldman Sachs & Co. LLC / J.P. Morgan Securities LLC RBC Capital Markets, LLC / BOK Financial Securities, Inc. / BB&T Capital Markets / BBVA Securities Inc. / BTIG, LLC / Capital One Securities, Inc. / CIBC World Markets Corp. / Citizens Capital Markets, Inc. Comerica Securities, Inc. / Heikkinen Energy Securities, LLC / IBERIA Capital Partners L.L.C. / ING Financial Markets LLC / Johnson Rice & Company L.L.C. / Regions Securities LLC / Piper Jaffray & Co. / Tudor, Pickering, Holt & Co. Securities, Inc.
ISSUER DIRECT CORP S-3 Red Oak Partners, LLC ~ ~
HOME BANCSHARES INC S-4 Stonegate Bank ~ ~
ADVANCED DISPOSAL SERVICES INC S-3 UBS Securities LLC / Deutsche Bank Securities Inc. / Morgan Stanley & Co. LLC Macquarie Capital Inc. / Barclays Capital Inc. / Credit Suisse Securities LLC Merrill Lynch, Pierce, Fenner & Smith Inc. / Stifel, Nicolaus & Company, Inc. / First Analysis Securities Corp.

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May 2017 XBRL webinar series: IFRS requirements

Sign up below for our XBRL for IFRS webinars to learn about the taxonomy update, training tips, SEC deadlines, filing success plans and implementation options.

Featuring: Gordon Ruckdeschel, VP Operations, Toppan Vite / Vintage

May 18, 3:00 PM EST – Create a Success Plan

Featuring: Rob Blake, VP Product Management at Certent, Inc.

May 25, 11:00 AM EST – Implementation

Featuring: Campbell Pryde, CEO at XBRL US, Inc.
*CPE Credit Available on May 25

May 11 Agenda & Discussion:  


WHY IS THE SEC ROLLING OUT XBRL TAGGING REQUIREMENTS FOR IFRS?

IFRS tagging requirements went into effect as part of the 2009 XBRL rule. However, these requirements could not be met until an IFRS taxonomy was offcially released on March 1, 2017.

WHEN DOES THE REQUIREMENT BEGIN?

Foreign private issuers submitting applicable forms with a period end date on or after December 15, 2017 will be required to include XBRL exhibits as part of the filing. This will include IFRS filers with the fiscal year end date of December 31st. Registrants may also voluntarily submit XBRL exhibits prior to this date, but that is not required.

HOW DO I GET MORE INFORMATION?

It’s not too early for foreign private issuers to begin educating themselves. We recommend leveraging our educational webinar series (register above) and building a milestone timeline with our XBRL subject-matter experts to ensure a successful XBRL filing period.

Download our FAQ resource guide to learn more about IFRS education.