Wednesday, 1 October 2014
Last updated 9 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...