In the first quarter of 2017, 93 microcap issuers listed on the NASDAQ, NYSE, or NYSE Mkt announced M&A transactions. The combined disclosed transaction value of these 93 transactions was over $2.8 billion.
Average individual transaction value for the quarter was $57 million. In Q1, average disclosed purchase consideration consisted of 59% cash, 36% stock and 3% seller debt.
Fifteen issuers uplisted from the OTC Markets to a senior exchange in the first quarter of 2017. The majority of graduates were revenue generating companies listed on the OTCQB.
M&A played a critical role in over 50% of this quarter's graduates' growth. Acquisitions were particularly impactful for Meridian Waste Solutions, Inc. (NASDAQ: MRDN), New Age Beverages Corporation (NASDAQ: NBEV), and...
Mark Cuban, the billionaire business man who has had his ups and downs with public companies, recently spoke on stage at the Upfront Summit in Los Angeles to voice his concern about the lack of tech IPOs.
“I don’t understand the reticence to going public,” he said. “It’s just plain stupid.”
After a slow 2016, many are looking at Snap, Inc. to jump start tech IPOs in 2017.