You are viewing just a glimpse of the 100+ pieces of sophisticated insight and analysis produced by our full-time team of senior financial journalists every day. For full access, check to see if your firm has a license to The Deal Pipeline or login using your existing credentials.
Published July 16, 2009 at 4:10 PM
One of the biggest changes in the environment for initial public offerings over the last 18 months is that institutional investors are more focused on profitability and less focused on growth, says Deborah Farrington, a partner at StarVest Partners. The New York venture capital firm is the biggest investor, besides Oracle Corp. (NASDAQ:ORCL) CEO Larry Ellison, in NetSuite Inc. (NYSE:N), which debuted on the New York Stock Exchange in December of 2007, shortly before the IPO market shut down.
While Farrington and other venture capitalists are encouraged by the six VC-backed companies that have gone public in the last couple of months, including SolarWinds Inc. (NYSE:SWI) and OpenTable Inc. (NASDAQ:OPEN), they point out that the number of companies that have filed to go public with the SEC is very low. Farrington says there are 12 currently in the queue, and she expects some of them to withdraw.
Despite the challenges inherent in IPOs today -- including complying with the Sarbanes-Oxley Act -- most entrepreneurs still dream of going public one day, says Farrington.
The Deal's conversation with Farrington was shot on location at the NYSE Euronext and kicks off a new series we're running on the current IPO environment. Watch the video below or download it on iTunes. - Mary Kathleen Flynn
Steptoe & Johnson LLP hired Brigida Benitez as a partner in the international regulation and compliance and commercial litigation practices in Washington. For other updates launch today's Movers & shakers slideshow.
In this video, Bruce Aust, Nasdaq's EVP of the global corporate client group, explains its acquisition strategy, which has recently included several companies in the corporate solutions business. More video
Search
One of the biggest changes in the environment for initial public offerings over the last 18 months is that institutional investors are more focused on profitability and less focused on growth, says Deborah Farrington, a partner at StarVest Partners. The New York venture capital firm is the biggest investor, besides Oracle Corp. (NASDAQ:ORCL) CEO Larry Ellison, in NetSuite Inc. (NYSE:N), which debuted on the New York Stock Exchange in December of 2007, shortly before the IPO market shut down.
