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Showing posts from January, 2019

Stock Offerings in the Future - Staying the Course and going digital

STO Market Outlook 2019 Recap of 2018 STO activity and beyond Tatiana Koffman reposted by scott shields katy, scott shields houston Jan 4 If 2017 was the year of the utility token, with ICO’s raising more than $5.6B, 2018 will be remembered as having paved the way for a new generation of security tokens. Issuers and investors continue to remain curious about the benefits of tokenization such as increased liquidity, fractional ownership, decreased issuance costs, innovative structures and greater pricing efficiency. After conducting an independent study of 130+ STOs currently on the market, the following are some trends forming for 2019. Market Trends Deal Size: The current range of deals run from $2M for smaller equity fundraises for consumer tech companies to $1B for institutional venture capital deals. Industry: The vast majority of STOs are are happening in the Real Estate, Finance, Tech and Energy sectors. Structure: Revenue-share, tokeniz...

M&A, Investment Banking continues to change for the better

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How blockchain could upend M&A and Investment Banking ther deals December 6, 2018 By  James Marshall , Deals Partner, Re-posted by Scott Shields Katy, Scott Shields Houston Imagine partnering with a foreign company run by executives you’ve never actually met, or imagine crowd financing a new film even if it required a big budget? Many investors would shy away from such deals, feeling that the risks were too big or too ambiguous to take on. But given blockchain’s evolution in recent years, we’d be remiss to write off these prospects just yet. Government and business leaders who aren’t already evaluating blockchain through a new lens need to be. The technology has been widely discussed, and much of the focus around its potential uses in M&A deals has thus far been around making the due diligence process more efficient. However, blockchain’s deeper potential use cases span beyond what dealmakers envision today. As a tamper-proof shared ledge...
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Broker-Dealers Leading the STO Market by Tatiana Koffman and Henry Elder  about 23 hours ago As we move out of the era of ICOs and into a new era of digital securities, sometimes referred to as “Security Token Offerings (STOs),” issuance platforms and other technical solutions for tokenization tend to receive the most attention. A successful and compliant fundraise, however, depends upon a number of regulated service providers, one of the most important of which is an experienced broker-dealer (BD). After soliciting feedback from 50-plus industry players, we’ve compiled below some of the current movers and shakers in the space. Entoro Based in Houston, Texas, under the leadership of James Row, Entoro has established itself as a leader in the digital securities space, most recently leading the  Lottery.com  and  Soluna Power STOs. Although Entoro has a team working across industries, its core experience lies in the energy sector, i...