2012 IPO Outlook Infographic

2012 IPO OUTLOOK The U.S. may see another choppy IPO market but much depends on the success of highly anticipated social media IPOS. In-depth survey of 50 securities attorneys whose firms advised on 70 percent of the IPOS listed on major U.S. exchanges in 2011. Outlook for the 2012 IPO Market 92% think the 2012 IPO market will be relatively flat compared to 2011 The IPO market's social media bubble 72% 85% 93% f named Groupon the most anticipated named Groupon the most over-hyped named Facebook the most anticipated IPO of 2012 IPO of 2011 IPO of 2011 Foreign companies and the IPO market Do you think ... There is still strong demand for foreign companies to access U.S. capital markets and list on the major U.S. exchanges China will continue to be a strong driver of U.S. based IPO issuance in 2012 84% 16% 78% 22% There has been an increase in positive One attorney said: “Many foreign companies still view U.S. capital markets as the holy grail of listing, both in terms of perception and liquidity. Indeed, foreign tech companies are concluding that these markets are the only location where their value will be appropriately sentiment toward Chinese-based company issuances 78% 22% reflected." The attorneys surveyed also expect increased IPO issuance from foreign countries. 11% Brazil 11% Europe 16% India 18% Israel What are the factors leading to improvements in the IPO market? 19% 10% Better Valuations 4% 19% Good Market Performance 11% European Stabilization Elections 38% Strong Pipeline U.S. Economic Improvements What industries are driving IPO issuance? 27% 25% 22% 20% 12% 11% 10% 10% 8% 6% 4% 5% Social Media Biotech Healthcare Energy Consumer/ Natural Technology Other Retail Resources Did you know? 84% of attorneys expect Private Equity backed companies to dominate the IPO landscape in 2012 61% of attorneys anticipate an increase in the number of companies pursuing a private transaction instead of an IPO 60% of attorneys are seeing novel deal structures to get offerings into the market, with 32% seeing dual class share offerings 57% of attorneys anticipate that regulatory changes, such as the Schumer Bill, will make it easier for small companies to access the U.S. capital markets For more information about KCSA Strategic Communications or the 2012 IPO Outlook Survey, visit us at www.kcsa.com. OKCSA Created by: rene Cheung 2012 IPO OUTLOOK The U.S. may see another choppy IPO market but much depends on the success of highly anticipated social media IPOS. In-depth survey of 50 securities attorneys whose firms advised on 70 percent of the IPOS listed on major U.S. exchanges in 2011. Outlook for the 2012 IPO Market 92% think the 2012 IPO market will be relatively flat compared to 2011 The IPO market's social media bubble 72% 85% 93% f named Groupon the most anticipated named Groupon the most over-hyped named Facebook the most anticipated IPO of 2012 IPO of 2011 IPO of 2011 Foreign companies and the IPO market Do you think ... There is still strong demand for foreign companies to access U.S. capital markets and list on the major U.S. exchanges China will continue to be a strong driver of U.S. based IPO issuance in 2012 84% 16% 78% 22% There has been an increase in positive One attorney said: “Many foreign companies still view U.S. capital markets as the holy grail of listing, both in terms of perception and liquidity. Indeed, foreign tech companies are concluding that these markets are the only location where their value will be appropriately sentiment toward Chinese-based company issuances 78% 22% reflected." The attorneys surveyed also expect increased IPO issuance from foreign countries. 11% Brazil 11% Europe 16% India 18% Israel What are the factors leading to improvements in the IPO market? 19% 10% Better Valuations 4% 19% Good Market Performance 11% European Stabilization Elections 38% Strong Pipeline U.S. Economic Improvements What industries are driving IPO issuance? 27% 25% 22% 20% 12% 11% 10% 10% 8% 6% 4% 5% Social Media Biotech Healthcare Energy Consumer/ Natural Technology Other Retail Resources Did you know? 84% of attorneys expect Private Equity backed companies to dominate the IPO landscape in 2012 61% of attorneys anticipate an increase in the number of companies pursuing a private transaction instead of an IPO 60% of attorneys are seeing novel deal structures to get offerings into the market, with 32% seeing dual class share offerings 57% of attorneys anticipate that regulatory changes, such as the Schumer Bill, will make it easier for small companies to access the U.S. capital markets For more information about KCSA Strategic Communications or the 2012 IPO Outlook Survey, visit us at www.kcsa.com. OKCSA Created by: rene Cheung 2012 IPO OUTLOOK The U.S. may see another choppy IPO market but much depends on the success of highly anticipated social media IPOS. In-depth survey of 50 securities attorneys whose firms advised on 70 percent of the IPOS listed on major U.S. exchanges in 2011. Outlook for the 2012 IPO Market 92% think the 2012 IPO market will be relatively flat compared to 2011 The IPO market's social media bubble 72% 85% 93% f named Groupon the most anticipated named Groupon the most over-hyped named Facebook the most anticipated IPO of 2012 IPO of 2011 IPO of 2011 Foreign companies and the IPO market Do you think ... There is still strong demand for foreign companies to access U.S. capital markets and list on the major U.S. exchanges China will continue to be a strong driver of U.S. based IPO issuance in 2012 84% 16% 78% 22% There has been an increase in positive One attorney said: “Many foreign companies still view U.S. capital markets as the holy grail of listing, both in terms of perception and liquidity. Indeed, foreign tech companies are concluding that these markets are the only location where their value will be appropriately sentiment toward Chinese-based company issuances 78% 22% reflected." The attorneys surveyed also expect increased IPO issuance from foreign countries. 11% Brazil 11% Europe 16% India 18% Israel What are the factors leading to improvements in the IPO market? 19% 10% Better Valuations 4% 19% Good Market Performance 11% European Stabilization Elections 38% Strong Pipeline U.S. Economic Improvements What industries are driving IPO issuance? 27% 25% 22% 20% 12% 11% 10% 10% 8% 6% 4% 5% Social Media Biotech Healthcare Energy Consumer/ Natural Technology Other Retail Resources Did you know? 84% of attorneys expect Private Equity backed companies to dominate the IPO landscape in 2012 61% of attorneys anticipate an increase in the number of companies pursuing a private transaction instead of an IPO 60% of attorneys are seeing novel deal structures to get offerings into the market, with 32% seeing dual class share offerings 57% of attorneys anticipate that regulatory changes, such as the Schumer Bill, will make it easier for small companies to access the U.S. capital markets For more information about KCSA Strategic Communications or the 2012 IPO Outlook Survey, visit us at www.kcsa.com. OKCSA Created by: rene Cheung 2012 IPO OUTLOOK The U.S. may see another choppy IPO market but much depends on the success of highly anticipated social media IPOS. In-depth survey of 50 securities attorneys whose firms advised on 70 percent of the IPOS listed on major U.S. exchanges in 2011. Outlook for the 2012 IPO Market 92% think the 2012 IPO market will be relatively flat compared to 2011 The IPO market's social media bubble 72% 85% 93% f named Groupon the most anticipated named Groupon the most over-hyped named Facebook the most anticipated IPO of 2012 IPO of 2011 IPO of 2011 Foreign companies and the IPO market Do you think ... There is still strong demand for foreign companies to access U.S. capital markets and list on the major U.S. exchanges China will continue to be a strong driver of U.S. based IPO issuance in 2012 84% 16% 78% 22% There has been an increase in positive One attorney said: “Many foreign companies still view U.S. capital markets as the holy grail of listing, both in terms of perception and liquidity. Indeed, foreign tech companies are concluding that these markets are the only location where their value will be appropriately sentiment toward Chinese-based company issuances 78% 22% reflected." The attorneys surveyed also expect increased IPO issuance from foreign countries. 11% Brazil 11% Europe 16% India 18% Israel What are the factors leading to improvements in the IPO market? 19% 10% Better Valuations 4% 19% Good Market Performance 11% European Stabilization Elections 38% Strong Pipeline U.S. Economic Improvements What industries are driving IPO issuance? 27% 25% 22% 20% 12% 11% 10% 10% 8% 6% 4% 5% Social Media Biotech Healthcare Energy Consumer/ Natural Technology Other Retail Resources Did you know? 84% of attorneys expect Private Equity backed companies to dominate the IPO landscape in 2012 61% of attorneys anticipate an increase in the number of companies pursuing a private transaction instead of an IPO 60% of attorneys are seeing novel deal structures to get offerings into the market, with 32% seeing dual class share offerings 57% of attorneys anticipate that regulatory changes, such as the Schumer Bill, will make it easier for small companies to access the U.S. capital markets For more information about KCSA Strategic Communications or the 2012 IPO Outlook Survey, visit us at www.kcsa.com. OKCSA Created by: rene Cheung 2012 IPO OUTLOOK The U.S. may see another choppy IPO market but much depends on the success of highly anticipated social media IPOS. In-depth survey of 50 securities attorneys whose firms advised on 70 percent of the IPOS listed on major U.S. exchanges in 2011. Outlook for the 2012 IPO Market 92% think the 2012 IPO market will be relatively flat compared to 2011 The IPO market's social media bubble 72% 85% 93% f named Groupon the most anticipated named Groupon the most over-hyped named Facebook the most anticipated IPO of 2012 IPO of 2011 IPO of 2011 Foreign companies and the IPO market Do you think ... There is still strong demand for foreign companies to access U.S. capital markets and list on the major U.S. exchanges China will continue to be a strong driver of U.S. based IPO issuance in 2012 84% 16% 78% 22% There has been an increase in positive One attorney said: “Many foreign companies still view U.S. capital markets as the holy grail of listing, both in terms of perception and liquidity. Indeed, foreign tech companies are concluding that these markets are the only location where their value will be appropriately sentiment toward Chinese-based company issuances 78% 22% reflected." The attorneys surveyed also expect increased IPO issuance from foreign countries. 11% Brazil 11% Europe 16% India 18% Israel What are the factors leading to improvements in the IPO market? 19% 10% Better Valuations 4% 19% Good Market Performance 11% European Stabilization Elections 38% Strong Pipeline U.S. Economic Improvements What industries are driving IPO issuance? 27% 25% 22% 20% 12% 11% 10% 10% 8% 6% 4% 5% Social Media Biotech Healthcare Energy Consumer/ Natural Technology Other Retail Resources Did you know? 84% of attorneys expect Private Equity backed companies to dominate the IPO landscape in 2012 61% of attorneys anticipate an increase in the number of companies pursuing a private transaction instead of an IPO 60% of attorneys are seeing novel deal structures to get offerings into the market, with 32% seeing dual class share offerings 57% of attorneys anticipate that regulatory changes, such as the Schumer Bill, will make it easier for small companies to access the U.S. capital markets For more information about KCSA Strategic Communications or the 2012 IPO Outlook Survey, visit us at www.kcsa.com. OKCSA Created by: rene Cheung