|GX Venture Capital named in top 25....FWIW.|
But then again, involvement with Global Crossing has been as close to a VC as I ever hope to be again...<g>...
(and please remember I do not endorse Red Herring)
Friday June 8, 2:21 pm Eastern Time
SOURCE: Red Herring Communications, Inc.
Red Herring Names Global Crossing Ventures Top VC Firm of 2000
Ranks Embarcadero Technologies as the Year's Top Technology IPO; Goldman Sachs as No. 1 Lead Manager
SAN FRANCISCO, June 8 /PRNewswire/ -- Red Herring in its ``IPO Review,'' has ranked Global Ventures Crossing as 2000's top venture capital firm for technology offerings. The fund leads the fifth annual Top 25 listing, published in the business magazine's June 15/July 1 issue. In addition, Embarcadero Technologies was number one among the year's technology initial public offerings (IPO) and Goldman Sachs led the investment bank list as lead manager. The feature also is available on the Web at redherring.com &rh_special_report_id=670000067&doc_id=1380019338.
Three portfolio companies of Global Venture Crossings, a networking infrastructure company investment vehicle, had IPOs for a total of $407 million last year. The fund led the standings, based on equi-return performance of their IPOs in 2000 as determined by Thomson Financial Venture Economics. Among the Top 25 VC firms, the leaders are:
Global Crossing Ventures
VP Private Equity
Williams Communications Group
Needham & Company
Database software maker Embarcadero Technologies (Nasdaq: EMBT - news), which debuted in April 2000 with a $42 million offering, heads the Top 25 technology IPO list. Rankings were based on percentage gain in market capitalization from initial offering through year-end. The top five are:
First Horizon Pharmaceutical
Leading investment bank Goldman Sachs benefited from a long relationship as strategic and financial advisor to AT&T. It was co-lead manager of AT&T Wireless's (NYSE: AWE - news) $9 billion IPO. It underwrote a total of 39 deals generating $10,103 million in proceeds. The top five of the 25 ranked firms are:
Credit Suisse First Boston
Salomon Smith Barney
Red Herring's ``IPO Review,'' with complete Top 25 rankings of 2000's IPOs, VC firms and tech investment banks, along with analyses, appears in the magazine's June 15/July 1 issue and on the Web at redherring.com &rh_special_report_id=670000067&doc_id=1380019338.
About Red Herring Communications, Inc.
Red Herring Communications, Inc., is an integrated network of media properties connecting the people, companies and industries whose ideas and technological innovations are inspiring and reshaping the world of business. Founded in 1993, Red Herring magazine, the company's flagship platform, provides in-depth analysis and reporting on the business of technology, innovation and entrepreneurialism. RedHerring.com, Red Herring Research and Red Herring Events offer a unique blend of news, commentary, financial analysis, investor tools and access to leaders of emerging technologies and markets. A privately held company, Red Herring Communications, Inc. is headquartered in San Francisco and has offices in New York, Los Angeles, Boston and London.
SOURCE: Red Herring Communications, Inc