Investment bankers predict flat growth in IPOs

Submitted by BDO USA CHICAGO – According to a new study by BDO USA LLP one of the nation’s leading accounting and consulting organizations, there is little agreement among capital markets executives at leading investment banks when asked to forecast U.S. initial public offerings (IPOs) during the remainder of 2012. The bankers are relatively evenly divided among those that predict […]

Want funding? Think sustainability

— The business case for environmental sustainability is accelerating. Aside from appealing to environmentally conscious customers, going green can prepare a company for investment capital or an initial public offering, according to new research from PricewaterhouseCoopers. “When a company is raising capital for the first time, they’re really in the spotlight in terms of what […]

Hot IPO market catches a chill

Due to a volatile economic situation, the market for Initial Public Offerings has cooled considerably in recent days. Six out of 12 companies scheduled for IPOs this month had postponed them as of Wednesday morning, according to PricewaterhouseCoopers. The about-face surfaced after investor confidence plummeted due to stock market fluctuations and controversy over the national […]

Credit unions poised to expand lending

By Jiyoon Jane Yu Medill News Service — After being turned down for a bank loan, Matthew and Kelly Lembke received funds from a credit union to purchase a truck brokerage company. “As our business grew, our line of credit also needed to grow in order to keep up,” said Kelly Lembke, co-owner of Lembke Inc. in Normal, Ill.  […]

ReadyPing presents winning message at CrowdPitch

 By Hallie Busta — Chicago-based technology startup ReadyPing won the CrowdPitch business plan event held Tuesday at the Illinois Technology Association’s TechNexus by impressing a panel of judges and the audience with its text-messaging alternative to restaurant pagers. ReadyPing’s system lets restaurant owners send a text message to waiting patrons when their tables are ready, eliminating […]

Proposed federal budget curbs SBA funding

President Barack Obama’s proposed $3.7 trillion budget allocates fewer dollars for small business spending, CNNMoney reported. While stimulus programs bolstered small business lending in 2010, look for a return to more modest appropriations for the U.S. Small Business Administration and its network of Small Business Development Centers, the article said. The fiscal 2012 proposal includes […]

GrubHub nabs more growth capital

Watch for online restaurant delivery service GrubHub to continue adding jobs, now that it has raised $11 million in a new round of venture capital from Benchmark Capital in Menlo Park, Calif. The new funding, which brings to about $14 million the total investment capital GrubHub has raised, will allow the company to expand to new […]