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Continued: 3rd quarter deals report: Seller's market

The number of U.S. initial public offerings and follow-on sales of public stock was 754 through Oct. 22, compared with a total of 730 offerings in all of 2012.

“The offering environment continues to be as strong as I’ve seen since 2007,” Rick Hartfiel, Craig-Hallum Capital’s investment banking chief, said last week. “I see a good pipeline of offerings in November-December, after companies report third-quarter earnings. Companies take advantage of this market to strengthen balance sheets. Institutional investors want good stocks to buy.”

To that end, Datalink, a Craig-Hallum client, and Stratasys raised equity capital during the third quarter as their stock prices rose in a buoyant market.

 

Star Tribune researcher Jim Foster contributed to this report.

Neal St. Anthony • 612-673-7144 Patrick Kennedy • 612-673-7926

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