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SOURCE TheStreet, Inc.
NEW YORK, July 15, 2014 /PRNewswire/ -- The Deal, TheStreet's (NASDAQ:TST) institutional business, has issued a quarterly report that shows that only 271 private-investments-in-public-equity (PIPEs) worth $10.4 billion were announced or completed in the second quarter, compared with 272 that raised $14.2 billion in the same period a year ago. The figures, generated with The Deal's PrivateRaise database, exclude PIPEs that raised less than $1 million and those by foreign-based companies that trade over the counter in the U.S.
"After two consecutive quarters of double-digit growth, the PIPEs market contracted in the second quarter of 2014 as a series of selloffs hit biotech stocks and other companies opted for public offerings," said Dan Lonkevich, Senior Editor for The Deal. "The decline is even more pronounced compared to the first quarter which produced 343 deals worth $14.5 billion."
Some highlights from the report include:
About The Deal
The Deal, a business unit of TheStreet, has been serving corporate dealmakers, advisers and institutional investors the most sophisticated analysis of the deal economy since 1999. Our transaction information service, The Deal Pipeline, is powered by a newsroom of senior journalists who offer proprietary research and reporting across M&A, bankruptcies, auctions and financings. It includes a breaking news service, First Take; daily and weekly sector newsletters; The Daily Deal, a 2x daily report of the day's top stories; a research center with over a decade's worth of intelligence and a database of over 100,000 deals; and an iPad & iPhone app. Our marketing & media services group produces the industry's leading forecasting event, The Deal Economy, held annually in New York City in addition to industry webcasts and integrated marketing programs. For more information, visit www.thedeal.com
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