NEW YORK – TheStreet.com Inc, a provider of online financial news, went public May 10, offering 5.5 million shares of common stock. The stock priced at $19 apiece, at the top of the company’s $17 to $19 filing range. Underwriters included Goldman, Sachs & Co., Hambrecht & Quist and Thomas Weisel Partners L.L.C. There were […]
BOCA RATON, Fla. – From e-commerce start-ups to launching a venture fund – there will certainly be no dearth of celebratory stogies lying around when one of International Internet Inc.’s portfolio companies hits it big. International Internet, a developer and operator of e-commerce and offline, direct marketing companies such as Webhumidor.com Inc., GoldOnline.com Inc., StogiesOnline.com […]
WESTBURY, N.Y. – Joseph Fogg in May launched his first private equity fund, seven years after leaving his position as head of worldwide investment banking at Morgan Stanley & Co. He is doing so at the same time his former partner, Jeffrey Freed, has joined a new group that also is raising a debut effort. […]
NEW YORK – The emergence of online public offerings has been ballyhooed for its leveling of the playing field between individual and institutional equity investors. Now, the Internet has been developed as a host for private equity offerings, and while every side of the transaction may benefit, the long-term efficacy of Internet offerings remains a […]
NEW YORK – In another sign that the Internet is rewriting the rules for some first-time stock issuers, select Web-related companies now are loftily informing strategic investors that they will have to pay up to participate in the anticipated aftermarket pop of their public market debuts. That is a far cry from the traditional practice […]
SAN FRANCISCO – Hummer Winblad Venture Partners launched its fourth fund in early June, seeking $300 million – three times more capital than the firm’s last fund. Hummer Winblad Venture Partners III (VCJ, September 1997, page 30) is almost fully invested. The firm, whose partners include John Hummer and Mark Gorenberg, will add to its […]
NEW YORK – In a sign of growing confidence in the Asian markets, two American investment firms have formed a partnership to provide the region with financial advice. In early June, The Blackstone Group and AIA Capital Corp., the Asian investment and advisory branch of American International Group Inc.(AIG), formed a partnership that will focus […]
LITTLE ROCK, Ark. – As a reflection of the slow return to Asia by private equity investors, Talisman Capital has begun fund-raising efforts for the $250 million Talisman Capital Asia Opportunity Fund. The new vehicle, Talisman’s second private equity fund, was launched in January and has hard commitments of $100 million, said Geoffrey Tirman, president […]
JACKSON, Wyo./MINNEAPOLIS – Two former venture capital executives from IAI Ventures Inc. teamed in May to launch Sapient Capital, a new venture fund with an innovative strategy focused on middle- to late-stage and public micro-cap technology, communications and health-care companies. At first glance, Sapient, managed by Principals Noel Rahn and Mitch Dann, two Investment Advisor […]
ATLANTA – Three months after inking a partnership with Mellon Ventures, Buck Goldstein, founder and managing partner of Internet-focused netWorth Partners, welcomed Andrew Dietz as the firm’s second partner. Most recently a vice president of product development for BellSouth.net, the telephone company’s consumer Internet access service, Mr. Dietz will help netWorth source and manage Internet […]