Small IPOs Are Back!
In 2015, congress implemented Title IV of the JOBS Act introducing Regulation A+ as a way for small companies to raise capital from "main street" investors without having to undertake the time and expense of a full blown SEC registration. Regulation A+ has slowly been gaining traction as a way for smaller companies to raise capital and go public. Until recently, Elio Motors was the first and only crowdfunded IPO in the United States. Elio closed out their $17 million Regulati
Small IPOs Boosted by Laws to Encourage Small Businesses
A new post by The Wall Street Journal looks at what many hope to be a renaissance in small IPOs as a result of Reg A+. Reg A+ is just on provision of the Jumpstart Our Business Startups Act passed by Congress in 2012 to encourage small-business growth. The post discusses how "In the late 1990s and early 2000s, an ecosystem of bankers, lawyers and investors helped small companies go public. After the tech bubble burst, many small and midsize banks went under or were absorbed b
Snap's 9 Pivotal Pre-IPO Acquisitions
According to Josh Constine, Editor-At-Large for TechCrunch, "Most of Snap’s top products came from acquisitions". From selfie lenses to Spectacles, Snap, Inc. has a history of innovation through acquisition. Here’s a look at the companies Snap has bought and what they turned into: AddLive, a live video API, became Snapchat’s real-time video calling feature in chat Vergence Labs, a camera sunglasses maker, became Snap’s Spectacles Scan, a QR code developer, became Snap’s QR Sn
Fourth Quarter 2016 OTCQB Venture Index Performance and Rebalancing
On January 23, OTC Markets Group announced the fourth quarter performance and re-balance of their OTCQB Venture Index (in addition to their other indices). The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was up 13.2% in the fourth quarter and down 3.4% for the full year 2016. One hundred six companies (106) were added to the .OTCQB index in Q4 and one hundred two (102) companies were removed. The OTCQB Venture Index currently consist of 581 is
Fewer Public Companies = Fewer Opportunities
The number of publicly traded U.S. companies peaked in 1996 at 7,322. Today there are just over 3,700, according to data from Wilshire Associates (data does not incldue the nearly 10,000 securities traded on the OTC Markets). The U.S. population has risen nearly 50% since 1975, and real GDP has tripled. But the number of public companies has declined 21%. Companies that do go public are waiting longer to do so. According to research from Wellington Management, “Companies are
Acquis Global Investments to Attend the Vibrant Gujarat 8th Annual Global Summit
Acquis Global Investments, LLC (“AGI”), an Acquis Capital company, is scheduled to attend the Vibrant Gujarat 8th Annual Global Summit held January 9-13, 2017 in Gujarat, India. AGI is seeking qualified small and medium enterprises for investment and advisory services. “The size of the Indian market, changes in regulation, and the growth rate of India’s economy have us very excited about Indian startups and SMEs” said Sam Kotch, managing member of AGI. “We look forward to pro
First Half MicroCap M&A Exceeds $1 billion
The first half of 2016 was a busy one for microcap acquirers listed on the OTC Markets. With a total of 266 transactions exceeding $1.3 billion in total value, many companies have made M&A an integral part of their growth strategies. The majority of consideration paid by micro-cap acquirers was stock ($777 million or 58%). That's not surprising considering publicly valued and liquid stock is a unique form of consideration available only to public companies. With less access t
Listed MicroCap Acquirers -- JUNE 2016
31 acquisition announcements were made by NASDAQ, NYSE, & NYSE Mkt micro-cap issuers this June.
Disclosed deal value for the month exceeded $635 million. The majority of consideration for June acquisitions was cash (approx. $480 million).
The average market cap of this month's acquirers was approx. $170 million and the average transaction value was $37 million.
See the full list of NASDAQ & NYSE micro-cap issuers working on acquisitions in June below.
Listed Mi
Final Russell MicroCap Index Reconstitution Announced
The newly reconstituted Russell MicroCap Index took effect after last Friday's close. The Russell MicroCap Index is re-balanced annually to ensure accurate representation of the ever-changing market. The Index consist of the smallest 1,000 securities in the small-cap Russell 2000 Index, plus the next 1,000 smallest eligible securities by market cap. 148 issuers were added to the index on Friday. See the full list of 2016's Russell MicroCap Index additions and deletions HERE.
Preliminary Russell MicroCap Index Reconstitution Announced
On Jun 10, 2016, FTSE Russell announced the preliminary rebalance of their indexes. This announcement included additions and deletions from the Russell MicroCap Index. The preliminary rebalance is the first step of the Russell Indexes' annual reconstitution. Russell rebalances all of their indexes once a year to "keep the indexes’ representation of the markets or market segments reflective of new market information". For example, when a company grows too large for the MicroCa
