Prepared by Capital Hunter analysts
Venture capital rose for the second straight week, as approximately $462 million was raised by 41 companies last week, marking the eleventh straight week that weekly venture capital has exceeded $300 million. Unlike last week, in which software received a (very) disproportionate share of the venture pie, funding was more equally spread out between many different sectors. Telecommunications and computing equipment received the largest amount of venture capital, while software still made up the largest percentage of total deals, though consumer products and services received a surprising number of deals as well. Most other details for this week can be found later on in the newsletter.
There were twelve initial public offerings this week, as investors rushed to cash out their investments before the end of the year. The thirteen IPOs are as follows:
Scopus Video Network priced at
$31.5 million on the
NASDAQ and is a developer, marketer and supporter of digital video networking products, including intelligent video gateways, encoders, decoders and network management products.
DealerTrak Holdings priced at
$170 million on the
NASDAQ and is a provider of on-demand software and data solutions for the automotive retail industry.
Capital South Bancorp priced at
$11.25 million on the
NASDAQ and is the bank holding company of CapitalSouth Bank, which provides banking and financial services to customers in northern and central Alabama and northeast Florida.
Suntech Power Holdings priced at
$395.7 million on the
NYSE and is a Chinese provider of photovoltaic cells and other solar equipment.
Somaxon Pharmaceuticals priced at
$55 million on the
NASDAQ and is a specialty pharmaceutical company focused on the licensing and development of drugs for the treatment of disorders related to psychiatry and neurology.
Republic Property Trust priced at
$240 million on the
NYSE and is a real estate investment trust that owns and operates office properties in the Washington D.C. area.
Copa Holdings priced at
$315 million on the
NYSE and is a Panamanian provider of international airline and cargo services.
Carolina National Corp priced at
$16 million on the
NASDAQ and is the bank holding company of Carolina National Bank and Trust, which provides banking and financial services to residents in the greater Columbia, South Carolina area.
Star Maritime Acquisition Corp priced at
$188.675 million on the
AMEX and is a blank check company formed to acquire shipping assets.
Spansion priced at
$506.4 million on the
NASDAQ and is a provider of flash memory products to the semiconductor industry.
Emergency Medical Services priced at
$109.2 million on the
NYSE and is a provider of emergency medical services to the United States.
Directed Electronics priced at
$150 million on the
NASDAQ and is a designer and marketer of consumer branded security and convenience systems.
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