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SOURCE TheStreet, Inc.
NEW YORK, Jan. 16, 2014 /PRNewswire/ -- The Deal, TheStreet's (NASDAQ:TST) institutional business, has issued a quarterly report that shows the small-cap equity financing market surged in the fourth quarter of 2013 with a near doubling in the number of initial public offerings (IPOs) and double-digit growth in follow-on offerings and private investments in public equity (PIPEs), compared to the same period of 2012, as the broader equity markets touched new records. Special purpose acquisition companies (SPACs) completed four IPOs in the fourth quarter, unchanged from the year-earlier period, although the size of deals was larger.
"Investor sentiment has improved along with the economy and has boosted the market for IPOs, follow-ons, and PIPEs," said Dan Lonkevich, Senior Editor for The Deal. "Given a steady market rise through the entirety of 2013, we have high hopes for the coming year, barring any unexpected changes to the current dynamic."
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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