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SOURCE TheStreet, Inc.
NEW YORK, Oct. 14, 2013 /PRNewswire/ -- The Deal, TheStreet's (NASDAQ: TST) institutional business, issued a quarterly report that showed the small-cap equity financing market continued its resurgence in the third quarter with double-digit increases in the numbers of private investments in public equity (PIPEs), registered direct offerings and initial public offerings (IPOs) as the broader stock market rose. Activity by special purpose acquisition companies (SPACs) also increased in the quarter, with four SPACs completing IPOs and three filing for IPOs. Even the number of reverse mergers increased, although from decidedly depressed levels.
"The strong showing that we saw in the third quarter may be a harbinger of good things to come in the next one," said Dan Lonkevich, Senior Editor for The Deal. "Additionally, the fourth quarter could also benefit from the Securities and Exchange Commission lifting the ban against general solicitation and advertising of private placement offerings."
Some highlights from the report include:
The full report is available online.
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 app. Our marketing & media services group produces the industry's leading forecasting event, The Deal Economy, held annually at the NYSE in addition to industry webcasts and integrated marketing programs. For more information, visit www.thedeal.com
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