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Prepared by Capital Hunter analysts
Venture capital remained strong last week, as $486 million was invested in 42 companies, a 23% week-over-week increase. While software investment remained strong, life science investment (biotechnology and medical devices) took a surprising nosedive, as only a mere $9.5 million was placed into such companies, less than 4% of last week’s funding. In normal circumstances, life science investment accounts for over 30% of weekly funding. Other sectors seeing large investment last week include media & entertainment, networks & equipment and semiconductors.
Seventeen companies decided to list shares last, the largest amount of companies to do so in quite some time. The seventeen companies are as follows:
Incredimail, which priced at $18.75 million on the NASDAQ SmallCap Market, is a provider of customized and entertaining email software products for the consumer or home user markets.
Regency Energy Partners, which priced at $275 million on the NASDAQ, is a limited partnership which gathers, processes, markets and transports natural gas liquids.
H&E Equipment Services, which priced at $196.9 million on the NASDAQ, is a provider of integrated equipment services to the heavy construction industry.
Fortunet, which priced at $22.5 million on the NASDAQ, is a provider of multi-game and multi-player server-based gaming platforms.
Ternium SA, which priced at $496.9 million on the NYSE, is a holder of Techint Group’s steel holdings, including controlling direct and indirect equity holding’s in Argentina’s largest steel company, Siderar, Venezuela’s largest steel company, Sidor, and a large Mexican steel company, Hylsamex.
SGX Pharmaceuticals, which priced at $24 million on the NASDAQ, is a provider of next-generation cancer therapeutics.
Koppers Holdings, which priced at $140 million on the NYSE, is a provider of carbon compounds and wood treatment products for industrial companies.
Iomai, which priced at $35 million on the NASDAQ, is a provider of skin-delivered vaccines and immune system stimulants.
American Telecom Services, which priced at $16.9 million on the AMEX, is a provider of phone/service bundled VoIP and long distance communications products and services.
Valera Pharmaceuticals, which priced at $33.75 million on the NASDAQ, is a provider, acquirer and marketer of urological and endocrine therapeutics.
Thomas Weisel Partners, which priced at $90 million on the NASDAQ, is a provider of investment banking, brokerage, equity research and asset management
services to growth companies and growth investors.
Smart Modular Technologies, which priced at $163.6 million on the NASDAQ, is a provider of value
added subsystems to original equipment manufacturers.
Digital Music Group, which priced at $38 million on the NASDAQ, is a owner of digital rights to music and other sound recordings and distributor of these recordings to online music stores.
Healthspring, which priced at $366.6 million on the NYSE, is a provider of managed healthcare services with a primary focus on the Medicare Advantage market.
Energy Transfer Equity, which priced at $441 million on the NYSE, is an owner of equity interests in Energy Transfer Partners, a limited partnership engaged in the transportation and storage of natural gas.
Coinmach Service Corporation, which priced at $96.4 million on the AMEX, is a provider of outsourced laundry equipment services to multi-family housing properties.
Cardica, which priced at $35 million on the NASDAQ, is a provider of automated anastomotic systems used to help surgeons perform cardiac bypass surgery.
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