Guest post by Carlos Juarez from Mayer Brown LLP, Free Writings + Perspectives
US IPO volume has declined by almost a quarter year-over-year, according to EY’s recent Global IPO trends report. To date, $44.5 billion in proceeds have been raised in 127 IPOs, 23% less than at the end of Q3 2018. The third quarter of 2019 alone saw 39 IPOs in the US, which raised $11.9 billion, down 30% by number of deals. Median deal size in Q3 2019 was $125 million, an 8% increase compared to Q3 2018, and the median post-IPO market cap for companies was $708 million according to the report.
Guest post by Rafael González-Gallarza and Álex Pujol, partners at Garrigues Corporate Department
One way to boost the digital economy in the EU would be to help banks making loans to new businesses. To do this, the institutions themselves need to know about venture debt and other possible products, and the European and national authorities need to support a stable legal framework adapted to the business environment including the area of bank finance.
Guest post by Kristen J. Mathews and Tiffany Quach – Morrison & Foerster LLP
Investment firms, such as private equity firms, venture capital firms and hedge funds, are an attractive target for cyber criminals because they regularly send and receive wire transfers of funds for investments. As a result, they are increasingly being targeted by “business email compromises,” that is, legitimate-seeming phishing emails that are used to gain access to usernames and passwords for the email accounts of firm employees. Once a criminal logs into an email account using the stolen credentials, the intruder searches for emails about wire transfers, sets up rules for auto-forwarding and auto-deleting emails that meet certain criteria, and leverages delegate and administrator rights to access other email accounts at the same firm for the same nefarious purposes.
Guest post by Paul Jones of Venture Best
One characteristic most venture investors look for in entrepreneurs is the ability to hear, process and timely respond to new information. Good entrepreneurs know a lot; better entrepreneurs know as well that they don’t know everything. The very best entrepreneurs are educable: they can live and learn, evolving as the world around (and within) them, and their understanding of those worlds, evolves.
Guest post by Richard J. Grossman and Alexander J. Berg of Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
Shareholder activism remains pervasive in the corporate landscape, as many companies continue to face new, and sometimes more sophisticated, activist situations. Recent activism-related trends indicate that the landscape is continually shifting, and companies’ strategies for dealing with activism should therefore also evolve and adapt.