News
BofA Joins Banks Moving into Pre-IPO EPPs
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Bank of America Merrill Lynch has joined other big banks in establishing private placement units to service pre-IPO companies.
Executive Moves
Twitter Exec Who Oversaw Pre-IPO Trading Joins Battery East
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Nils Erdmann, the former Twitter head of investor relations who had helped manage the company’s pre-IPO stock trading, has joined former NYSE chief executive Duncan Niederauer at San Francisco-based private stock secondary trading startup Battery East LLC, DealBook reports.
News
After Merger, Former Keating Pre-IPO Fund Drops Equity Strategy
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BDCA Venture has dropped its all-equity late-stage venture investment strategy in favor of a more traditional venture debt focus.
News
SharesPost’s Pre-IPO Fund Notches Early Gains, Builds Asset Base
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As the institutional crowdsourced capital market becomes a more important source of finance for emerging growth companies, the role of late-stage private “pre-IPO” investors will become increasingly critical for providing the capital necessary to clean up cap structures, consolidate shareholdings, secure intellectual property, and otherwise ready a company for its entry into the public markets.
