“In the Money” Columnist Sites Entrex and Private Company Index as Peers to Bulge Bracket 144A Markets Being Launched
An interview with Entrex founder and CEO Stephen H. Watkins was featured in a September 12 Dow Jones Newswire column “In the Money” indicating that Entrex and the Private Company Index (PCI) are key players the fast-moving game of designing and building marketplaces where unregistered securities of private companies can actively trade.
Chicago, IL, October 03, 2007 --(PR.com)-- An interview with Entrex founder and CEO Stephen H. Watkins was featured in a September 12 Dow Jones Newswire column “In the Money” indicating that Entrex and the Private Company Index (PCI) are key players in the fast-moving game of designing and building marketplaces where unregistered securities of private companies can actively trade.
Columnist Steven D. Jones’s reporting regularly appears in the Wall Street Journal as well other financial media. His discussions with Mr. Watkins focused on NASDAQ’s Portal platform, GS TrUE from Goldman Sachs and Wall Street collective Opus-5 as well as Best Markets launched by Bear Stearns and Plus from JP Morgan.
While these marketplaces are all in the nascent stage, it’s clear that all the major financial institutions see the merit of being involved with private securities to expand their offerings to clients and their capabilities for returns.
As stated by Mr. Jones in the article, “Proponents of the new 144A initiatives say that development of a broader market for private securities is a logical next step for capitalizing private businesses. Out of more than 24 million U.S. businesses, fewer than 10,000 are listed publicly. The rest are largely shut off from access to market capital and turn instead to banks and finance companies.”
Entrex created the Private Company Index (PCI) over two years ago with the same mission in mind—exposing private sector performance to the traditional investment audience. “The two-year-old index is intended to be a broad monitor of performance,” says Watkins.
Jones sites that “The 400 companies in the index apply for inclusion and report only revenue and revenue growth, not profitability. The index is not weighted for geographic or industry makeup and some sectors, such as biotechnology, are scarcely represented at all.”
Mr. Jones adds, “But the index does track the growth of a pool of fast-growing companies with annual revenues between $5 million and $100 million that are a key market for the same institutional investors participating in Opus, GS True and Portal.”
“PCI companies see between $5 and $80 Million in annual revenue and, on average, are growing 26% a year. This defines a sub-set of the North American private marketplace that is an excellent place for capital. As a result, we’re working with various institutions seeking to put together custom basket-type investment vehicles utilizing PCI companies” says Watkins in closing.
For more information please visit www.privatecompanyindex.com and www.entrex.net.
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Columnist Steven D. Jones’s reporting regularly appears in the Wall Street Journal as well other financial media. His discussions with Mr. Watkins focused on NASDAQ’s Portal platform, GS TrUE from Goldman Sachs and Wall Street collective Opus-5 as well as Best Markets launched by Bear Stearns and Plus from JP Morgan.
While these marketplaces are all in the nascent stage, it’s clear that all the major financial institutions see the merit of being involved with private securities to expand their offerings to clients and their capabilities for returns.
As stated by Mr. Jones in the article, “Proponents of the new 144A initiatives say that development of a broader market for private securities is a logical next step for capitalizing private businesses. Out of more than 24 million U.S. businesses, fewer than 10,000 are listed publicly. The rest are largely shut off from access to market capital and turn instead to banks and finance companies.”
Entrex created the Private Company Index (PCI) over two years ago with the same mission in mind—exposing private sector performance to the traditional investment audience. “The two-year-old index is intended to be a broad monitor of performance,” says Watkins.
Jones sites that “The 400 companies in the index apply for inclusion and report only revenue and revenue growth, not profitability. The index is not weighted for geographic or industry makeup and some sectors, such as biotechnology, are scarcely represented at all.”
Mr. Jones adds, “But the index does track the growth of a pool of fast-growing companies with annual revenues between $5 million and $100 million that are a key market for the same institutional investors participating in Opus, GS True and Portal.”
“PCI companies see between $5 and $80 Million in annual revenue and, on average, are growing 26% a year. This defines a sub-set of the North American private marketplace that is an excellent place for capital. As a result, we’re working with various institutions seeking to put together custom basket-type investment vehicles utilizing PCI companies” says Watkins in closing.
For more information please visit www.privatecompanyindex.com and www.entrex.net.
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Entrex
Erika Conefry
877-436-8739
www.entrex.net
Erika Conefry
877-436-8739
www.entrex.net
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