Thursday, 28 August 2014
Last updated 12 hours ago
Sep 11 2009 | 1:07pm ET
The electric car maker Tesla Motors and the solar thermal energy firm BrightSource Energy will not launch initial public offerings until 2010 unless market conditions improve, Stephan Dolezalek, an investor in both companies, told the Reuters Global Climate and Alternative Energy Summit in San Francisco.
Dolezalek, managing director of VantagePoint Venture Partners, said Tesla, BrightSource and Silver Spring Networks, a smart grid firm, are among the most likely candidates for IPOs.
Neither Tesla nor BrightSource is in desperate need of funding – BrightSource has $9 billion in booking contracts for solar plants, while Tesla turned its first profit in July, shipping 109 of its pricey electric sports cars.
“Most of us have a longer term view. The IPO is a financing event, it’s not an exit,” Dolezalek said. “We easily see those companies as being $5 billion to $10 billion.”
VantagePoint has funded over 20 green companies in sectors including electric vehicles, solar energy and biofuels.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...