Friday February 17, 2012

Ipreo Early Edition - The Week Ended February 17, 2012

Additio2222435nal Info

After an impressive two week span in which 11 IPOs priced, new issuance cooled last week, with only one IPO pricing for $55.0 million in proceeds. Following a similar sentiment from the previous week, investor appetite for Tech deals remained strong following Facebook's initial filing, with last week's lone issuer, Brightcove Inc., hailing from the Tech space. Year-to-date, Technology deals have accounted for nearly 38% of IPOs on a count-basis and that number could grow in the next two weeks with Bazaarvoice and Yelp on tap. Despite the renewed interest in Tech IPOs this year, new issuance in general is having a hard time picking up momentum as deal sizes have slipped from recent historical levels.