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Three Firms Guide Launch Of $508M In




US Weekly Recap: Are Put Through The Ringer With 7 Completed Deals







These are the tech start-ups worth billions that are expected to go public next year - CNBC







Take a look back at some from 2017 to get some perspective on the year for & the state of the various Industry Sectors >>>HERE>>> Thanks










2019 Could Be a Record-Breaking Year for , With Valuations Topping $100 Billion



















RT : This was an especially active period for , and Marcum was well positioned to provide services to a significant number of the transactions in the emerging growth space.




RT : This was an especially active period for , and Marcum was well positioned to provide services to a significant number of the transactions in the emerging growth space.




RT : This was an especially active period for , and Marcum was well positioned to provide services to a significant number of the transactions in the emerging growth space.




RT : This was an especially active period for , and Marcum was well positioned to provide services to a significant number of the transactions in the emerging growth space.




RT : This was an especially active period for , and Marcum was well positioned to provide services to a significant number of the transactions in the emerging growth space.




This was an especially active period for , and Marcum was well positioned to provide services to a significant number of the transactions in the emerging growth space.



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cnbc.com
Ex-Nasdaq boss: SEC's plan to open up private markets will let loose the wolves on regular investors

“The SEC should reconsider plans to open up private markets to new investors, according to Robert Greifeld, the chairman of Virtu Financial and former head of the Nasdaq stock market”.



with caption 🙃

CAPITOL SWAG

With US markets continuing their strong stays and with Chinese equities testing new lows each day.  The inflows of cash into the United States is hitting record levels. Even Emerging Markets are feeling the pinch of investors moving cash out of those areas back into the US.

IPOs continue their fastest pace to get to market in years, while the dollar is riding higher over most other currencies.

VENTURE DEALS

• Domino Data Lab, a San Francisco-based provider of an open data science platform, has secured $40 million in funding. Sequoia Capital and Coatue Management led the round.

• Appetize, a Los Angeles-based modern point of sale operating software company, raised $23 million in Series B funding. Investors include 32 Equity.

• Wonderschool, a platform which enables teachers to start preschools out of their homes and parents to discover them, raised $20 million in Series A funding. Andreessen Horowitz led the round, and was joined by investors including Omidyar, Gary Community Investments, First Round, Cross Culture, Uncork Capital, Rethink Education, Edelweiss, and Lerer Hippeau.

• Surterra Wellness, a Georgia-based medical cannabis startup, raised $65 million in funding. William Wrigley Jr. II led the round.

• Ample, a San Francisco-based developer of a platform that delivers a full charge to electric cars, raised $31 million in Series A round funding. Shell Ventures led the round, and was joined by investors including Moore Strategic Ventures, Repsol Energy Ventures, Hemi Ventures, and TRIREC.

• Apeel Sciences, a Santa Barbara, Calif.-based food tech company, raised $70 million in funding. Viking Global Investors and Andreessen Horowitz co-led the round.

• Bulletproof 360 Inc, a Bellevue, Wash.-based food, beverage and content company, raised more than $40 million in funding. CAVU Venture Partners led the round and was joined by investors including Trinity Ventures and Silicon Valley Bank.

• Verana Health, a healthcare innovation platform, raised $30 million in Series C funding. GV led the round, and was joined by investors including Biomatics Capital, Brook Byers, GE Ventures and Lagunita Biosciences.

• Espressive, a Santa Clara, Calif.-based artificial intelligence provider for enterprise service management, raised $23 million in funding. Investors include General Catalyst Partners and Wing Venture Capital.

• Formlabs, a Somerville, Mass.-based designer and manufacturer of 3D printing systems, raised $15 million in funding. Investors include New Enterprise Associates. The company’s valued at more than $1 billion.

• Naked Labs Inc, a Redwood City, Calif.-based provider of a 3D-body scanner for use in the home, raised $14 million in Series A funding. Founders Fund led the round, and was joined by investors including New Enterprise Associates, Lumia Capital, Venture 51, and Seabed VC.

• DefinedCrowd Corp, a Kirkland, Wash.-based smart data company for AI, raised $11.8 million in Series A funding. Evolution Equity Partners led the round, and was joined by investors including Mastercard, Kibo Ventures, EDP, Sony, Portugal Ventures, Amazon, and Busy Angels.

• Serverless Inc, a San Francisco-based company that offers developers an open source framework powered by AWS Lambda and AWS API Gateway, raised $10 million in Series A funding. Lightspeed Venture Partners led the round and was joined by investors including Trinity Ventures.

• Radar Relay, a Fort Collins, Colo.-based wallet-to-wallet decentralized trading platform, raised $10 million in Series A funding. Blockchain Capital led the round, and was joined by investors including Tusk Ventures, Distributed Global, Reciprocal Ventures, and Collaborative Fund.

• CrowdStreet, a Portland, Ore.-based commercial property investment marketplace and software company, raised $8 million in Series B funding. Grotech Ventures led the round, and was joined by investors including Rally Ventures, Seven Peaks Ventures and Green Visor Capital.

• Xwing, a San Francisco-based autonomous aviation company, raised $4 million in seed funding. Eniac Ventures led the round and was joined by investors including Array Ventures.

• Blueprint Power, a New York-based real estate and energy tech company, raised $3.5 million in Series A funding. Congruent Ventures, MetaProp Ventures, Fred Wilson and Brad Burnham led the round, and were joined by investors including Fifth Wall Ventures.

• Veritonic, a New York-based audio measurement platform, raised $3.5 million in seed funding. Newark Venture Partners led the round, and was joined by investors including Imagination Capital, Kiwi Venture Partners, MDC Ventures and SWaN & Legend Venture Partners.

• FloodFlash, a U.K.-based insurtech startup, raised £1.9 million ($2.5 million) in seed funding. Investors include LocalGlobe, Pentech Ventures and InsurTech Gateway.

• Clare, a direct-to-consumer paint brand, raised $2 million in seed funding. Investors include First Round Capital, Imaginary Ventures, Brooklyn Bridge Ventures, Bullish, Able Partners and angel investors Neil Parikh and Luke Sherwin, co-founders of Casper, and Jeff Raider and Andy Katz-Mayfield, co-founders of Harry’s.

• Worklete, a San Francisco-based digital health platform designed to prevent musculoskeletal injuries among labor intensive workforces, raised $6.5 million in Series A funding. Trinity Ventures led the round, and was joined by investors including Launch Capital, River Park Ventures, Aspect Ventures and Kapor Capital.

• Plantforce, a provider of heavy equipment rentals, raised £4.7 million ($6.10 million) in funding. Investors include BGF.

• Farmstand, a London-based plant-powered food company, raised $3 million in Series A funding. Kindred Capital led the round.

• Edmit, a Boston-based edtech startup, raised $2.3 million in seed funding. Investors include Founder Collective, Rethink Education, and Precursor Ventures.

• Yesware, a Boston and San Francisco-based email productivity platform for salespeople, raised $15 million in funding. Foundry Group led the round, and was joined by investors including Battery Ventures, GV, IDG and Shea Ventures.

• Akili Interactive, a Boston and San Francisco-based prescription digital medicine company, raised $13 million in funding. Investors include CLSA, Omidyar Technology Ventures, Digital Garage Group and Fearless Ventures.

• Beijing Bytedance Technology Co, owner of China’s news aggregator Jinri Toutiao, aims to raise about $3 billion in funding at a $75 billion valuation, according to Reuters.

• Letgo, a New York-based app to buy and sell locally, raised $500 million in funding from Naspers.

• Klook, a Hong Kong-based startup developing a travel activities platform, raised $200 million in funding at a $1 billion+ valuation, according to TechCrunch.

• Salsify, a Boston-based operator of a product platform that lets brands market to shoppers, raised $43 million in Series D funding. Greenspring Associates led the round, and was joined by investors including Matrix Partners, Venrock, Underscore VC and North Bridge Venture Partners.

• Kodiak Robotics, an autonomous-vehicle startup, raised $40 million in Series A funding. Battery Ventures led the round, and was joined by investors including CRV, Lightspeed Venture Partners and Tusk Ventures.

• Care/of, a New York-based wellness brand that offers a with a personalized vitamin pack, raised $29 million in Series B funding. Goldman Sachs Investment Partners led the round, and was joined by investors including Goodwater Capital, Juxtapose, RRE Ventures, and Tusk Ventures.

• RiskSense, a cybersecurity company, raised $12 million in Series B funding. Spring Mountain Capital and NightDragon Security co-led the round, and was joined by investors including UL Ventures, Paladin Capital Group, Sun Mountain Capital, EPIC Ventures and Jump Capital.

• Steady, an Atlanta-based flexible on-demand work discovery platform, raised $9 million in Series A funding. Propel Venture Partners led the round, and was joined by investors including Omidyar Network, 25Madison, Clocktower Ventures and Commerce Ventures.

• MOV.AI, a Portugal-based company developing an operating system for autonomous robots in commercial settings, raised $3 million in seed funding. Viola Ventures and NFX co-led the round.

• Capsule, a New York-based online pharmacy, raised $50 million in funding. Investors include Glade Brook Capital Partners.

• PerkSpot, a Chicago-based HR technology platform, raised $50 million in funding from Susquehanna Growth Equity.

• The Professional Fighters League, a Washington D.C.-based mixed martial arts league, raised $28 million in Series B funding. Investors include Elysian Park Ventures, SWaN Ventures, Kevin Hart, Mark Burnett, Tony Robbins and Ted Leonsis.

• Hinge Health, a San Francisco-based provider of digital care for chronic musculoskeletal conditions, raised $26 million in Series B funding. Insight Venture Partners led the round and was joined by investors including Atomico.

• IS5 Communications Inc, a Canada-based provider of cyber-secure industrial platforms, raised C$22 ($16.9 million) in funding. Phoenix Contact Innovation Ventures led the round and was joined by investors including ClearSky.

• Capsule8, a Brooklyn, N.Y.-based zero-day attack detection platform purpose-built for production, raised $15 million in Series B funding. ClearSky Security led the round and was joined by investors including Bessemer Venture Partners and Rain Capital.

• Good Catch, a New York-based food tech brand, raised $8.7 million in Series A funding. Investors include New Crop Capital, Stray Dog Capital, Clear Current Capital, VegInvest, Rocana Capital, Blue Horizon, EverHope Capital, Baleine & Bjorn Capital, M13 and Starlight Ventures.

• Braavo Capital, Inc, a provider of on-demand financing for mobile apps and games, raised $6 million in Series A funding. E.ventures led the round, and was joined by investors including SWS Venture Capital, Bill Smith, CEO of Shipt.

• Audius, a San Francisco-based developer of a decentralized, community-owned and artist-controlled music-sharing protocol, raised a $5.5 million in Series A finding. General Catalyst and Lightspeed co-led the round, and were joined by investors including Kleiner Perkins, Pantera Capital, 122West and Ascolta Ventures.

• Kebotix, a Cambridge, Mass.-based materials discovery company, raised more than $5 million in seed funding. One Way Ventures led the round.

• Sagewise, a Long Beach, Calif.-based tech company focused on resolving disputes involving smart contracts, raised $1.25 million in seed funding. Wavemaker Genesis led the round.

• Taxfix, a Berlin-based tax startup, raised $13 million in Series A funding. N26 and Valar Ventures co-led the round and were joined by investors including Creandum and Redalpine.

• Appcues, a Boston-based user onboarding software platform, raised $10 million in Series A funding. Sierra Ventures led the round and was joined by investors including Accomplice Ventures.

• Root AI, a Somerville, Mass.-based AI-powered robotics company focused on indoor farming, raised $2.3 million in funding. First Round led the round, and was joined by investors including Accomplice, Schematic Ventures, Liquid2 Ventures and Half Court Ventures.

HEALTH AND LIFE SCIENCES DEALS

• Apexigen Inc, a biopharmaceutical company, raised a total of $73 million in funding. Decheng Capital led the $15 million Series B round while 3E Bioventures Capital, Virtus Inspire Ventures and SV Tech Ventures led the $58 million Series C round.

• Samumed, a San Diego, Calif.-based biotech company, raised $438 million in funding at a $12 billion valuation. The investors in this round were not named.

• Karuna Pharmaceuticals, a Boston-based focused on targeting muscarinic receptors for treating disorders marked by psychosis and cognitive impairment, raised $42 million Series A funding. Investors include ARCH Venture Partners.

• SQZ Biotechnologies, a Boston, Mass.-based cell therapy company, raised $72 million in Series C funding. Investors include Everblue, Illumina Ventures, Invus, Orient Life, Viva Ventures Biotech Group, Bridger Healthcare Partners, Global Health Science Fund, GV, JDRF T1D Fund, NanoDimension and Polaris.

• DNAlite Therapeutics Inc, a San Francisco-based gastrointestinal gene therapy biotech startup, raised $1.5 million in seed funding. Berkeley Catalyst Fund led the round, and was joined by investors including University of California Berkeley, Blue Bear Ventures, SOSV, the Baldota family, BrightGene and SVE Capital.

• 23andMe, a Mountain View, Calif.-based maker of a direct-to-consumer genetic testing kit, will raise $300 million in funding from GlaxoSmithKline. The deal could value the company at up to $2.5 billion. .

• Metromile Inc, a San Francisco-based car insurance startup, raised $90 million in Series E funding. Tokio Marine Holdings and Intact Financial led the round, and was joined by investors including New Enterprise Associates, Index, Future Fund and Section 32.

• Equidate, a San Francisco-based stock market for private technology companies, raised $50 million in Series B funding. Financial Technology Partners led the round, and was joined by investors including Panorama Point Partners, and Operative Capital.

• Guild Education, a Denver-based provider of an education benefits platform for working adults, raised $40 million in Series C funding. Felicis Ventures led the round, and was joined by investors including Salesforce Ventures, Workday Ventures, Rethink Impact & Education and Silicon Valley Bank. Existing investors Bessemer Venture Partners, Redpoint Ventures, Harrison Metal and Cowboy Ventures also participated.

• Rescale, a San Francisco-based provider of enterprise big compute in the cloud, raised $32 million in Series B funding. Initialized Capital, Keen Venture Partners and SineWave Ventures led the round.

• Patientco, an Atlanta-based patient billing and payments technology company, raised $28 million in Series B funding. Accel-KKR led the round, and was joined by investors including participation from existing investor BlueCross BlueShield Venture Partners / Sandbox Advantage Fund.

• Skillshare, a New York-based online learning community, raised $28 million in Series C funding. Union Square Ventures led the round, and was joined by investors including Burda Principal Investments, Amasia and Spero Ventures.

• Aaptiv Inc., a New York-based provider of premium digital fitness content, raised an extension of Series C funding from Bose Ventures. Aaptiv has raised a total of $23 million in Series C funding.

• Campfire, a network of shared spaces, raised $18 million in Series A funding. Kwai Hung Group, Sa Sa Int'l Holdings Ltd and Fast Global Holdings Ltd, a subsidiary of Rykadan Capital Ltd, led the round, and was joined by investors including Ring Capital Ltd and Potent Assets Ltd.

• Siemplify, a New York-based provider of security operations and incident response solutions, raised $14 million in Series B funding. Jump Capital led the round and was joined by investors including G20 Ventures and 83North.

• Impraise, a New York-based provider of feedback and performance software, raised $10.6 million in Series A funding. Keen Venture Partners led the round, and was joined by investors including HenQ.

• TradeGecko, a Singapore-based SaaS inventory and order management platform for small to medium businesses, raised $10 million in Series B funding. Investors include TNB Aura Fund 1, Aura Venture Fund, Perle Ventures and 33 Capital.

• Madaket Health, a Cambridge, Mass.-based healthcare SaaS platform solution, raised $10 million in Series B funding. Qiming Venture Partners led the round, and was joined by investors including Experian Ventures, The PNC Financial Services Group, and Salesforce Ventures.

• ScaleFactor, a smart finance and accounting platform, raised $10 million in Series A funding. Canaan Partners led the round, and was joined by investors including Broadhaven Ventures, Citi Ventures, Next Coast Ventures, Flyover Capital and Firebrand Ventures.

• Happeo, a Finland-based software startup, raised $8 million in funding. Investors include DN Capital, Maki.vc and Vendep Capital.

• EV Connect, a Los Angeles, Calif.-based provider of electric vehicle charging solutions, raised $8 million in funding. Ecosystem Integrity Fund led the round and was joined by investors including Montage Capital.

• HealthCrowd, a San Mateo, Calif.-based healthcare communications platform-as-a-service, raised $7.2 million in funding. TVC Capital led the round and was joined by investors including Startup Capital Ventures and Healthy Ventures.

• AllCloud, an Israel-based cloud solutions provider, raised $7 million in funding. Investors include Discount Capital and Hallett Capital.

• Zorroa Corp., a search and analysis platform that extracts intelligence from visual assets, raised $7 million in funding. Gradient Ventures led the round.

• Instant Magazine, a Netherlands-based software company, raised $5.4 million in funding. Investors include Connected Capital.

• Knock Knock, a San Francisco-based developer of chat-native games and technologies, raised $2 million. Raine Ventures led the round, and was joined by investors including London Venture Partners and Ludlow Ventures.

• Therachon, a Basel, Switzerland-based biotechnology company focused on rare diseases, has closed $60 million in financing. Novo Holdings led the round with participation from Cowen Healthcare Investments, Pfizer Ventures, Tekla Capital Management LLC, Versant Ventures, OrbiMed, Bpifrance and Inserm Transfert Initiative.

• Akouos, a Boston-based biotechnology company, raised $50 million in Series A funding. 5AM Ventures and New Enterprise Associates co-led the round, and were joined by existing investors including Partners Innovation Fund and new investors Sofinnova Ventures, RA Capital Management and Novartis Venture Fund.

• Cure Genetics Co. Ltd, a China-based biotech company, raised $17 million in Series A funding. Qiming Venture Partners led the round, and was joined by investors including CTS Capital and Ascendin Investment.

• Ambys Medicines, a Redwood City, Calif.-based developer of new medicines patients suffering from chronic liver diseases, raised $60 million in Series A funding. Investors include Third Rock Ventures and Takeda.

• Modulus Discovery Inc, a Tokyo-based early-stage drug discovery company, raised $7.2 million in Series A funding. Fast Track Initiative Inc led the round, and was joined by investors including PeptiDream Inc and DBJ Capital Co. Ltd.

PRIVATE EQUITY DEALS

• Peak Rock Capital agreed to acquire the TNT Crust business, a manufacturer and distributor of pizza crusts, from Tyson Foods, Inc. (NYSE: TSN). Financial terms weren’t disclosed.

• Apothecary Products LLC, which is backed by Norwest Equity Partners, acquired SOFT Style, a Boulder, Colo.-based maker of breastfeeding support products. Financial terms weren’t disclosed.

• Providence Equity Partners made an investment in KPA, a Lafayette, Colo.-based provider of environmental health and safety risk management solutions. Financial terms weren’t disclosed.

• VLS Recovery, which is backed by Aurora Capital Partners, acquired Beauchan Rail Services, a Friendswood, Texas-based provider of railcar cleaning and product transfer services. Financial terms weren’t disclosed.

• Symplicity Corp, a portfolio company of H.I.G. Capital, acquired Contratanet, a network of career portals for jobs and internships in Brazil. Financial terms weren’t disclosed.

• Lincoln Road Global Management LLC made an investment in Pro-Tec Fire & Safety, an Atlanta-based provider of fire extinguisher and safety services. Financial terms weren’t disclosed.

• Sotera Health, which is backed by Warburg Pincus and GTCR, acquired Gibraltar Laboratories, a Fairfield, N.J.-based provider of microbiology and analytical chemistry testing for pharmaceutical and medical device manufacturers. Financial terms weren’t disclosed.

• Sentinel Capital Partners sold WellSpring Pharma Services, a Sarasota, Fla.-based pharmaceutical contract manufacturing organization. Financial terms weren’t disclosed.

• Carrick Capital Partners made an investment in Discovery Health Partners, an Itasca, Ill.-based information-driven healthcare cost containment solutions. Financial terms weren’t disclosed.

• Simplura Health Group, which is backed by One Equity Partners acquired Helping Hand Home Health & Hospice Agency. Financial terms weren’t disclosed.

• Junction Energy Capital and Ara Partners Group invested in Puralube, Inc, a Wayne, Penn.-based technology platform with a proprietary process for producing high-quality base oils. Financial terms weren’t disclosed.

OTHER DEALS

• Emergent BioSolutions (NYSE: EBS) agreed to acquire PaxVax, a Redwood City, Calif.-based developer of vaccines against various infectious diseases, for $270 million in cash.

• Cimpress made a majority investment of $29 million in VIDA & Co, a company that offers apparel, accessories and home decor products.

• BlaBlaCar acquired BeepCar, a Russia-based carpooling platform, from Mail.ru.

• Ele.me, a China-based food ordering and delivery website, is reportedly in talks to raise between $3 billion to $5 billion in funding from SoftBank, according to Bloomberg. Alibaba Group Holding, which owns the food delivery giant, plans to merge Ele.me with in-house arm Koube.

IPOs

• Spartan Energy Acquisition, a New York-based blank check seeking a company in the energy business, raised $400 million in an offering of 40 million units priced at $10. Apollo executives back the firm. Citi and Credit Suisse are underwriters. It plans to list on the NYSE as  "SPAQU.“ .

• Mesa Air Group, a Phoenix, Ariz.-based regional air carrier, raised $116 million in downsized offering of 9.6 million shares priced at $12 apiece, down from 10.7 million shares priced between $14 to $16. It booked $643.7 million in the year ending September. American Airlines (19.8% pre-offering), Corre Opportunities (16.8%), and Citigroup (13.2%) back the company. Raymond James, BofA Merrill Lynch, Cowen, Stifel, and Imperial Capital are the joint bookrunners. It plans to list on the Nasdaq as as "MESA.”

• Amalgamated Bank, a New York-based union-owned commercial bank, said it plans to raise  $107 million in an offering of 6.7 million shares priced between $15 to $17. The firm posted interest income of $139.1 million in 2017. Barclays, J.P. Morgan, and Keefe Bruyette Woods are underwriters. It plans to list on the Nasdaq as “AMAL.”

• China Tower, the Chinese telecom giant, raised $6.9 billion in a Hong Kong IPO, Reuters reports citing sources.

• Sinochem Energy, a Chinese commercial fuel storage firm, plans to raise $2 billion in a Hong Kong IPO, the South China Morning Post reports citing sources.

• Amalgamated Bank, a New York-based union-owned commercial bank, raised $104 million in an offering of 6.7 million shares priced at $15.50, at the lower end of its $15 to $17 range. The firm posted interest income of $139.1 million in 2017. Barclays, J.P. Morgan, and Keefe Bruyette Woods are underwriters. It plans to list on the Nasdaq as “AMAL.”

• SoftBank, the Japanese giant, is reported weighing an IPO of its wireless business, Bloomberg reports. The deal could be the largest IPO ever, giving it a valuation of $90 billion.

• Bloom Energy Corp., a Sunnyvale, Calif.-based power cell maker, raised $270 million in an offering of 18 million shares priced at $15 apiece, the high end of its range. The firm posted revenue of $376 million in 2017. Alberta Investment Management Corp. (7.5% pre-offering), Advanced Equities Financial Corp. (6.6%), Kleiner Perkins Caufield and Byers (15.9%) , Kuwait Investment Authority (10.7%), and New Enterprise Associates (8.8%) back the firm. J.P. Morgan and Morgan Stanley are underwriters in the deal. It plans to list on the NYSE as “BE.”

• Tenable, a Columbia, M.D.-based cybersecurity firm, plans to raise $240 million in an offering of 10.9 million shares priced between $20 to $22. That’s up from a prior proposed offering of 9.2 million shares priced between $17 to $19. It posted revenue of $187.7 million in 2017. Insight Venture Partners (35.2% pre-offering) and Accel (34.4%) back the firm. Morgan Stanley, J.P. Morgan, Allen & Company, and Deutsche Bank are underwriters.The firm plans to list on the NASDAQ as “TENB.”  

• Aquestive Therapeutics, a Warren, N.J.-based central nervous system therapies maker, raised $68 million in an upsized offering of 4.5 million shares priced at $15 apiece, in the middle of its $14 to $16 range. The firm posted revenue of $66.9 million in 2017. Bratton Capital Management and Genpar Monosol back the firm. BMO Capital Markets and RBC Capital Markets are underwriters. It plans to list on the Nasdaq as “AQST.”

• Intrepid Aviation, a Stamford, Conn.-based aircraft lender, withdrew its $150 million IPO. It posted revenue of $262.8 million in 2016. Reservoir Capital and Centerbridge back the firm. Goldman Sachs, Deutsche Bank, Jefferies, and RBC Capital Markets were underwriters. It planned to list on the NYSE as “INTR.”

• Weimob, the cloud-based commerce provider backed by Tencent, filed for an IPO in Hong Kong.

• Rattler Midstream Partners, a Midland, Texas-based provider of natural gas and water-midstream services in the Permian Basin, filed to raise up to $100 million in an IPO. The firm posted revenue of $51.5 million in 2017 and income of $25.2 million. Diamondback backs the firm. Credit Suisse, BofA Merrill Lynch, and J.P. Morgan are underwriters. It plans to list on the Nasdaq as “RTLR.”

• Westwing, a Frankfurt-based online furniture retailer, is weighing an IPO in late 2018, Reuters reports citing sources. Rocket Internet backs the firm.

EXITS

• Orsted agreed to acquire Lincoln Clean Energy, a Chicago-based developer and operator of wind farms, from I Squared Capital for $580 million.

• Arbor Investments sold Rise Baking, a Minneapolis, Minn.-based retailer of bakery products, to Olympus Partners. Financial terms weren’t disclosed.

• Gryphon Investors sold Washing Systems, a manufacturer of products for the commercial laundry processing industry, to Kao Corporation. Financial terms weren’t disclosed.

• Rock Gate Partners agreed to sell Walpar, a Birmingham, Ala.-based metal highway sign structure specialist, to Valmont Industries, Inc. Financial terms weren’t disclosed.

FIRMS + FUNDS

• Welsh, Carson, Anderson & Stowe, a New York-based private equity firm, raised more than $2.8 billion for the first close of its thirteenth fund, according to an SEC filing.

• The Fund, an early-stage venture capital firm, raised $3.2 million for its debut fund.

• Aldrich Capital, a Vienna, Va.-based private equity firm, raised more than $246 million for its debut fund, according to an SEC filing. The target is $250 million.

• Tailwater Capital, a Dallas, Texas-based private equity firm based, raised $900 million for its Tailwater Energy Fund III LP as well as $100 million co-investment for a platform company in the fund.

• Graphite Capital, a U.K.-based mid-market private equity firm, raised more than 470 million pounds ($618 million) for its ninth fund.

• Felicis Ventures, a Palo Alto, Calif.-based venture capital firm, raised $270 million for its sixth venture fund.

• Patriot Financial Partners, a Philadelphia-based private equity firm, raised more than $365 million for its third fund, according to an SEC filing. The target is $400 million.

• Ridge Ventures, a San Francisco-based early-stage venture firm, raised more than $130 million for its fourth fund, according to an SEC filing.

On Wednesday morning, May 2, AABANY’s IP Committee and Asia Practice Committee organized a meeting with delegates from the Intellectual Property Office of Singapore (IPOS). Representing IPOS were its Chief Executive Daren Tang (fourth from left) and Senior Vice President Sharon Wong (fourth from right). The discussion touched on Singapore as a hub for IP in South Asia and also informed attendees about the capabilities of IPOS that might be of interest to US applicants for IP protection in Singapore. Among the attendees were in-house counsel, law firm associates, and four law firm partners, drawn from AABANY’s membership. The opportunity for this meeting came through AIPLA (American Intellectual Property Law Association) and USPTO (United States Patent & Trademark Office). Thanks to Perkins Coie for hosting the meeting, and thanks to everyone who joined us.

Should You Invest in an IPO?

If you follow business and technology news you probably hear about blockbuster IPOs. Does this news leave you wondering if you should invest in an IPO? Are you afraid of missing out on the potential for fortune-making returns from an IPO? Read on to learn more about investing in an IPO and how to separate the hype from the reality.

IPO Basics

Need a refresher on how IPOs work? IPO stands for Initial Public Offering and it’s the same as “going public.” In an IPO, a privately held company makes shares in the company available to investors on the stock market. These can be newly issued shares. They can also be shares that were previously held by the founders and early investors.

To invest in an IPO, you have to be among the first to buy shares in the company after it goes public. Some lucky people have bought shares in the IPOs of companies that went on to pay huge dividends or soar in value. But just because investing in IPOs has worked for some in the past doesn’t mean you’ll get the same returns.

It’s harder for the average American to have a run-away success story with an IPO investment than it used to be. In the old days, a regular investor might get a tip-off about something like the Coca-Cola IPO and strike it rich. These days, IPOs are much more scrutinized and publicized. As a result, getting a hot tip that few people know about is less likely to happen for you.

The Pros and Cons of Investing in an IPO

Research shows that “beating the market” is not really possible for most people. According to many experts, you’re better off buying and holding a low-cost fund that indexes the market rather than trying to beat the market by trading shares in individual companies.

Moreover, even if you want to pursue active rather than passive investing, IPOs may not be your best bet. Some people argue that we’re currently experiencing an IPO bubble. If this is true, it would mean that company valuations at the time of IPO are inflated. That would mean that those who buy shares at the time of an IPO are less likely to see a return on their investment.

If you follow a value investing philosophy, you’ll look for shares that are inexpensive relative to the true value of the company. But before an IPO, founders try to drum up interest in the IPO and drive up their IPO valuation. As a result, share prices at the time of an IPO can be artificially high. That leaves IPO investors in a vulnerable position. Their shares might lose value soon after the time of the IPO.

Bottom Line

So should you invest in an IPO? The answer will depend in part on your general investment philosophy. If you’re content to stick with low-cost index funds, you’ll probably be fine passing on the IPO hype. If you pride yourself on finding the best company shares to buy, you might be drawn to the potential gains of IPO investing. These days, however, it’s harder to use IPO investing to find under-the-radar deals that will offer big long-term returns.

Photo credit: ©iStock.com/marco302, ©iStock.com/j0sefino, ©iStock.com/kaarsten  

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34 - Matt Levine Live at Bloomberg HQ
Is Matt Levine a modern-day Horace? Like Matt, Horace has a preoccupation with wealth and the law. There’s a playful humor as he segues from topic to topic. An ability to read Latin. And many of Horac

Then say, “We’re going to pick of these exposures and hedge them out, and we’re going to pick these exposures and magnify them. We’re going to have the ability to fine-tune all of our exposures because we’ve been doing this for a long time. We’ve been trading currencies or equities or whatever for a long time.”

As a strategy, bootstrapping by getting a $70 billion market cap and then spending a lot of money to be the leader in self-driving cars is not a crazy strategy. They built from an app to being a $70 billion company.

In general, if people are like, “Are stock prices too high? Is the VIX too low?” I’m like, “If it was too high it’d be lower.”

The thing that I find weirdest is the lack of volatility in the face of a very strange and volatile world, but I’ve reconciled myself to that. This is my efficient markets optimism, where I assume that if something bad is happening, it would happen.

Then, once they have that price, they sell it for less. Well, that’s not really true, but that’s kind of intuitively what’s happening, is that once they have that price, they sell it for less for a variety of reasons. The stories for it are, I think, somewhat compelling. You want a pop because you want the early investors to be rewarded for taking a leap of faith in the company.

I think, like a lot of people, a lot of it is panic.

Speak of the Devil

Summary: They’re not contracted, but Natalie accidentally charms the devil anyway.

Warnings: Satan’s potty mouth.

Why was he here? No good would come of this. If the stupid prophecy girl was hanging out with a church group on the weekends, she was a lost cause anyway. Forget it, Ipos couldn’t convince him to stick around for all free liquor in the world.

“I’m out of here. Thanks for helping me get in touch with War but this isn’t worth my time, ” Lucifer said, giving him a small salute before making a break for the door. Ipos proceeded to punch him in the gut and knock the wind out of him before he had taken more than two steps.

“Trust me, she’s important,” Ipos said, once again failing to explain why. He was always so fucking cryptic.

“She’s a teenager. How useful could she possibly be?” Lucifer muttered as he leaned against the pew doing his best not to look at anything remotely religious. Not only was he dealing with a splitting migraine, they were early, adding to his torment as his nausea increased ten fold for every minute they spent in the damn church.

“Relax, this is just where we are meeting them. The actual event is outside the church, ” Ipos explained. Lucifer gritted his teeth. Son of a-

“Why didn’t we just meet them there then?” Lucifer asked, starting to wonder if Ipos was just messing with him.

Keep reading

Characters: Harper, Ipos

CW’s: Injuries, blood, violence, talk of experimentation

Summary: Ipos comes across Harper while they’re out on patrol. Eager to show a green hero why vigilanteism is only a surefire way to get killed, they engage Harper in withering commentary and aerial attack. After Harper disables their vest with their EMP staff, Ipos attacks them in earnest. The fight quickly turns brutal and in the chaos Harper loses their mask. 

This is surprising enough to bring the fight to an uneasy truce. Ipos decides to make sure Harper doesn’t up and die on the street, but warns them against hero activity in the future.

[RP Log]

anonymous asked:

C2 1 shelia and B6 5 or 9 Ipos if you would please i love and miss those two sm

Anon, I love you for asking me for those two because I love Sheipos very much and they will always hold a special place in my heart <3 I actually had a lot of fun drawing them both, honestly

I may have taken a bit of liberty with these emojis though 

I DID IN FACT DO THE HEART EYES