PlacementTracker Announces PIPE
Market Record Year
SAN DIEGO, Jan. 3, 2007 (PRIME NEWSWIRE) --
Sagient Research Systems, a leading publisher of independent
research for the financial services and institutional investment
communities, today announced that PlacementTracker is reporting a
new single-year and fourth-quarter record for PIPE market issuances.
PlacementTracker, a flagship product of Sagient
Research Systems, is well recognized as the leading provider of
research, data, and analytics covering the PIPE market.
With transaction data as of December 29, 2006,
PlacementTracker is reporting 2006 full-year PIPE market issuances
of $27.83 billion. This represents a 39% increase over the 2005
total of $20.01 billion and a 14% increase over the previous
one-year issuance record set in 2000 with $24.34 billion. The fourth
quarter of 2006 also set a new fourth-quarter record with $6.98
billion in PIPE Market issuances. All totals exclude Structured
Equity Lines and Canadian-domiciled issuers.
Commenting on the initial 2006 results, Brian M.
Overstreet, president and CEO of Sagient Research said, "2006
has been a tremendous year for the PIPE market. We experienced
explosive deal flow in the first half of the year, a slowdown in the
third quarter, and then a record fourth quarter that pushed us to a
new single year record."
He added, "Despite recent media speculation
about a potential slow down in the PIPE market, the data and the
record fourth-quarter results clearly show that the market continues
along at an exceptionally strong pace. While registration concerns
may hamper some of the very smallest issuers, the vast majority of
potential PIPE issuers will find that the PIPE market continues to
be the most efficient, timely, and cost effective manner for raising
equity capital in 2007."
PlacementTracker will publish its annual PIPE
Market League Tables and final 2006 issuance volumes in late January
PlacementTracker's dynamically updating League
Tables are available online at: http://www.sagientresearch.com/pt/leaguetables.cfm.
About Sagient Research Systems
Sagient Research Systems is a publisher of
independent research. We develop, produce, and sell proprietary
research products to mutual funds, hedge funds, and investment
banks. Our business strategy is to continue to leverage our
development, technology, and marketing expertise to solidify our
position as a leading provider of independent research to the
financial services and institutional investment communities. For
more information, please visit the Sagient Research Systems website
CONTACT: Sagient Research Systems