|By PR Newswire||
|December 27, 2012 10:39 AM EST||
NEW YORK, Dec. 27, 2012 /PRNewswire/ -- 2013 may finally be the turnaround year for the U.S. IPO market, according to a new survey of U.S. transaction attorneys conducted by KCSA Strategic Communications (www.kcsa.com), a leading integrated communications firm specializing in financial public relations, investor relations, social media and creative marketing services.
In its 3rd Annual IPO Survey, KCSA conducted in-depth interviews with nearly 50 securities attorneys whose firms advised on 87 percent of the initial public offerings listed on major U.S. exchanges during 2012.
According to the results of the independent survey: for the first time since the survey has been conducted, more than 1/3 of respondents (35%) believe that the IPO market in the coming year will be stronger than the previous one. The remaining respondents think the IPO market in 2013 will be relatively flat when compared with 2012.
The perceived drivers for improvement include stabilization of the U.S. economy and moving beyond the fear of a 'fiscal cliff' (59%), resolution of the Eurozone crisis (12%) and increasing consumer confidence (5%).
According to Jeff Corbin, chief executive officer of KCSA Strategic Communications, "Since the end of the financial crisis that started in late 2007, there have been strong hands on the reigns of the U.S. capital markets, slowing down the IPO market. While there have been some big names that have gone public during the last few years – Facebook, Zynga and others in the social media space – the vast majority of those companies that could have, and should have, accessed the public markets, have had to wait for improving market conditions. Those conditions seem to be coalescing in 2013, which should make for a more active IPO market."
According to 66 percent of those surveyed, the social media bubble has burst. The attorneys almost unanimously agreed that Facebook was both the most anticipated and most over-hyped IPO of 2012. According to 89 percent, Facebook's IPO will cause valuations of social media companies to be lower.
When asked to reference the most anticipated IPO for 2013, 86 percent were not sure; this is in stark contrast to last year's survey in which 93 percent of respondents believed that Facebook was the most anticipated IPO of the coming year. The current sentiment is that there is no blockbuster IPO in the pipeline.
According to Alex Lynch, partner, Weil, Gotshal & Manges, "It's healthier for the IPO markets not to have one highly anticipated 'hot' listing that both overheats the market, causing a lot of volatility, as well as keeps investors, and, in turn, money, on the sidelines awaiting the big listing. Hopefully, not having one large 'hot' listing in 2013 will lead to a healthier and more stable overall IPO market."
The JOBS Act that was passed in 2012 has had a strong impact on pre-IPO companies, with 94 percent of the attorneys surveyed citing an increase in the number of confidential filings as a result of the Act. According to those surveyed, the advantages of filing confidentially include the ability to file without public scrutiny (48%), keep competitive information confidential (32%) and test the market's appetite (20%). Another impact of the JOBS Act on pre-IPO companies is that it provides companies an opportunity to pre-market the offering prior to filing with the SEC, according to 59 percent of those surveyed.
According to the survey, in 2013, it is likely that there will be strong demand for foreign companies to access U.S. capital markets and list on the major U.S. exchanges. When asked which foreign countries will provide the most issuances on the major U.S. Exchanges in 2013, respondents said China (38%), Israel (17%), The European Union (12%) and The United Kingdom (10%).
"Many foreign companies, especially in the technology space, still view the U.S. capital markets as the holy grail in terms of listing, both in terms of perception and valuation as well as liquidity. These types of foreign companies continue to believe that the U.S. capital markets are the only place where their value will be appropriately reflected," commented Michael Kaplan, partner, Davis Polk & Wardwell LLP.
A key finding of the survey was that enthusiasm for Chinese IPOs continues to decline. In 2012 and 2011, when respondents were asked which foreign countries would have the most issuances on major U.S. exchanges, 58 percent and 100 percent of respondents, respectively, named China.
"The fall-off is largely driven by a number of well-publicized incidents of China-based issuers experiencing significant corporate governance and accounting issues that have created negative perceptions generally about China-based issuers. However, listings of high quality China-based companies will likely continue in the future, as U.S. investors want to participate directly in China's economic growth," noted Colin Diamond, partner, White & Case LLP.
Private Equity backed companies are also expected to dominate the IPO landscape in 2013, as 68 percent of those surveyed think that the number of private equity backed IPOs will be greater when compared with 2012, which saw the highest number of private equity backed offering since 2007.
"The pipeline of private equity backed IPOs remains robust, and we anticipate seeing continued strong activity from this group of issuers," commented Joshua F. Bonnie, partner, Simpson Thatcher & Bartlett LLP.
When asked what industries will result in the most IPOs in 2013 respondents said: Technology (41%), Energy (24%), Healthcare (8%), Retail (6%), Real Estate (5%), Financial Services (6%) and Other (10%)
About KCSA Strategic Communications
KCSA is a fully-integrated communications agency specializing in public relations, investor relations and marketing with expertise in financial and professional services, technology, healthcare, media, energy and public services companies. Since 1969, the firm has demonstrated strategic thinking and program execution that drives results for its clients in the ever-changing communications and digital landscape. The firm's clients are its best references. For more information, please visit www.kcsa.com.
KCSA Strategic Communications
SOURCE KCSA Strategic Communications
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, will look at different existing uses of peer-to-peer data sharing and how it can become useful in a live session to...
Oct. 7, 2015 06:00 AM EDT Reads: 512
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of at least three separate application components: the software embedded in the device, the backend big-data service, and the mobile application for the end user's controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/target - this makes the integration of these separate pipelines and the coordination of software upd...
Oct. 7, 2015 06:00 AM EDT Reads: 133
NHK, Japan Broadcasting will feature upcoming @ThingsExpo Silicon Valley in a special IoT documentary which will be filmed on the expo floor November 3 to 5, 2015 in Santa Clara. NHK is the sole public TV network in Japan equivalent to BBC in UK and the largest in Asia with many award winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology covering @ThingsExpo Silicon Valley. The program will be aired during the highest viewership season of the year that it will have a high impact in the industry through this documentary in Japan. The film...
Oct. 7, 2015 05:45 AM EDT
SYS-CON Events announced today that Luxoft Holding, Inc., a leading provider of software development services and innovative IT solutions, has been named “Bronze Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Luxoft’s software development services consist of core and mission-critical custom software development and support, product engineering and testing, and technology consulting.
Oct. 7, 2015 05:15 AM EDT Reads: 547
The broad selection of hardware, the rapid evolution of operating systems and the time-to-market for mobile apps has been so rapid that new challenges for developers and engineers arise every day. Security, testing, hosting, and other metrics have to be considered through the process. In his session at Big Data Expo, Walter Maguire, Chief Field Technologist, HP Big Data Group, at Hewlett-Packard, will discuss the challenges faced by developers and a composite Big Data applications builder, focusing on how to help solve the problems that developers are continuously battling.
Oct. 7, 2015 04:00 AM EDT Reads: 454
Nowadays, a large number of sensors and devices are connected to the network. Leading-edge IoT technologies integrate various types of sensor data to create a new value for several business decision scenarios. The transparent cloud is a model of a new IoT emergence service platform. Many service providers store and access various types of sensor data in order to create and find out new business values by integrating such data.
Oct. 7, 2015 03:30 AM EDT Reads: 459
SYS-CON Events announced today that IBM Cloud Data Services has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IBM Cloud Data Services offers a portfolio of integrated, best-of-breed cloud data services for developers focused on mobile computing and analytics use cases.
Oct. 6, 2015 10:00 PM EDT Reads: 664
In his session at @ThingsExpo, Tony Shan, Chief Architect at CTS, will explore the synergy of Big Data and IoT. First he will take a closer look at the Internet of Things and Big Data individually, in terms of what, which, why, where, when, who, how and how much. Then he will explore the relationship between IoT and Big Data. Specifically, he will drill down to how the 4Vs aspects intersect with IoT: Volume, Variety, Velocity and Value. In turn, Tony will analyze how the key components of IoT influence Big Data: Device, Connectivity, Context, and Intelligence. He will dive deep to the matrix...
Oct. 6, 2015 08:00 PM EDT Reads: 318
When it comes to IoT in the enterprise, namely the commercial building and hospitality markets, a benefit not getting the attention it deserves is energy efficiency, and IoT’s direct impact on a cleaner, greener environment when installed in smart buildings. Until now clean technology was offered piecemeal and led with point solutions that require significant systems integration to orchestrate and deploy. There didn't exist a 'top down' approach that can manage and monitor the way a Smart Building actually breathes - immediately flagging overheating in a closet or over cooling in unoccupied ho...
Oct. 6, 2015 05:00 PM EDT Reads: 262
SYS-CON Events announced today that Cloud Raxak has been named “Media & Session Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Raxak Protect automates security compliance across private and public clouds. Using the SaaS tool or managed service, developers can deploy cloud apps quickly, cost-effectively, and without error.
Oct. 6, 2015 04:40 PM EDT Reads: 118
Scott Guthrie's keynote presentation "Journey to the intelligent cloud" is a must view video. This is from AzureCon 2015, September 29, 2015 I have reproduced some screen shots in case you are unable to view this long video for one reason or another. One of the highlights is 3 datacenters coming on line in India.
Oct. 6, 2015 02:00 PM EDT Reads: 238
“The Internet of Things transforms the way organizations leverage machine data and gain insights from it,” noted Splunk’s CTO Snehal Antani, as Splunk announced accelerated momentum in Industrial Data and the IoT. The trend is driven by Splunk’s continued investment in its products and partner ecosystem as well as the creativity of customers and the flexibility to deploy Splunk IoT solutions as software, cloud services or in a hybrid environment. Customers are using Splunk® solutions to collect and correlate data from control systems, sensors, mobile devices and IT systems for a variety of Ind...
Oct. 6, 2015 01:00 PM EDT Reads: 586
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ProfitBricks boasts flexible cloud servers and networking, an integrated Data Center Designer tool for visual control over the cloud and the best price/performance value available. ProfitBricks was named one of the coolest Clo...
Oct. 6, 2015 01:00 PM EDT Reads: 744
You have your devices and your data, but what about the rest of your Internet of Things story? Two popular classes of technologies that nicely handle the Big Data analytics for Internet of Things are Apache Hadoop and NoSQL. Hadoop is designed for parallelizing analytical work across many servers and is ideal for the massive data volumes you create with IoT devices. NoSQL databases such as Apache HBase are ideal for storing and retrieving IoT data as “time series data.”
Oct. 6, 2015 12:45 PM EDT Reads: 463
Clearly the way forward is to move to cloud be it bare metal, VMs or containers. One aspect of the current public clouds that is slowing this cloud migration is cloud lock-in. Every cloud vendor is trying to make it very difficult to move out once a customer has chosen their cloud. In his session at 17th Cloud Expo, Naveen Nimmu, CEO of Clouber, Inc., will advocate that making the inter-cloud migration as simple as changing airlines would help the entire industry to quickly adopt the cloud without worrying about any lock-in fears. In fact by having standard APIs for IaaS would help PaaS expl...
Oct. 6, 2015 12:30 PM EDT Reads: 591
Organizations already struggle with the simple collection of data resulting from the proliferation of IoT, lacking the right infrastructure to manage it. They can't only rely on the cloud to collect and utilize this data because many applications still require dedicated infrastructure for security, redundancy, performance, etc. In his session at 17th Cloud Expo, Emil Sayegh, CEO of Codero Hosting, will discuss how in order to resolve the inherent issues, companies need to combine dedicated and cloud solutions through hybrid hosting – a sustainable solution for the data required to manage I...
Oct. 6, 2015 12:00 PM EDT Reads: 446
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Bradley Holt, Developer Advocate at IBM Cloud Data Services, will demonstrate techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user experience, both offline and online. The focus of this talk will be on IBM Cloudant, Apa...
Oct. 6, 2015 10:45 AM EDT Reads: 457
Mobile messaging has been a popular communication channel for more than 20 years. Finnish engineer Matti Makkonen invented the idea for SMS (Short Message Service) in 1984, making his vision a reality on December 3, 1992 by sending the first message ("Happy Christmas") from a PC to a cell phone. Since then, the technology has evolved immensely, from both a technology standpoint, and in our everyday uses for it. Originally used for person-to-person (P2P) communication, i.e., Sally sends a text message to Betty – mobile messaging now offers tremendous value to businesses for customer and empl...
Oct. 6, 2015 10:45 AM EDT Reads: 188
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of streaming data in the cloud with an enterprise grade SLA. It features built-in integration with Azur...
Oct. 6, 2015 10:00 AM EDT Reads: 738
The enterprise is being consumerized, and the consumer is being enterprised. Moore's Law does not matter anymore, the future belongs to business virtualization powered by invisible service architecture, powered by hyperscale and hyperconvergence, and facilitated by vertical streaming and horizontal scaling and consolidation. Both buyers and sellers want instant results, and from paperwork to paperless to mindless is the ultimate goal for any seamless transaction. The sweetest sweet spot in innovation is automation. The most painful pain point for any business is the mismatch between supplies a...
Oct. 6, 2015 09:00 AM EDT Reads: 146