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A new video for Keating Investments produced by www.RobinBondMedia.com touts an incredibly cool portfolio of cutting-edge businesses. Portfolio companies in Cleantech, Technology, and Internet & Software are pioneering industries like plastics recycling, high-efficiency solar, and the super mind-blowing Livescribe, a pen that records and links audio to handwriting.
Keating Capital Lists Shares on Nasdaq
Unique Pre-IPO Fund Begins Trading Under Ticker Symbol KIPO
Greenwood Village, Colorado - December 12, 2011 - Keating Capital, Inc. ("Keating Capital" or the "Company") today announced the listing of the Company's common stock on the Nasdaq Capital Market under the ticker symbol KIPO.
Capitalization of the Fund
Keating Capital is a unique closed-end fund that is exclusively dedicated to pre-IPO investing. As of September 30, 2011, the Company had net assets of approximately $77 million, consisting of:
Approximately $32 million invested in 13 portfolio companies; and
Approximately $45 million in cash.
As of September 30, 2011, Keating Capital's Net Asset Value per share was $8.27.
The Company currently has 9,283,604 shares of common stock issued and outstanding. The Company's capital structure consists entirely of common stock, with no options, warrants or other types of dilutive securities issued or outstanding. Moreover, the Company does not use leverage or borrowed money to fund its portfolio company investments.
Portfolio Company Investments
As of September 30, 2011, the Company's 13 portfolio companies were categorized into three groups by stage:
Completed IPO (2 portfolio companies)
Filed for IPO (2 portfolio companies)
Private (9 portfolio companies)
As of September 30, 2011, the Company's 13 portfolio companies were in three industry groups:
Technology (4 portfolio companies)
Internet & Software (4 portfolio companies)
Clean Technology (5 portfolio companies)
Typically, Keating Capital seeks to invest in portfolio companies that have private enterprise values of between $100 million and $1 billion at the time of its investment.
Unique Public Access Vehicle
"The listing of Keating Capital's shares on Nasdaq is the final step in what has been a three-year process but is only one milestone in our Company's growth strategy," said Timothy J. Keating, Keating Capital's CEO. "To the best of our knowledge, Keating Capital is the first and only fund of its kind exclusively dedicated to pre-IPO investing in the U.S. We have created a unique public access vehicle for investors seeking to invest in later-stage private companies prior to their expected public offerings. We seek to primarily provide growth equity capital to companies that are committed to and capable of completing an IPO," added Mr. Keating.
Milestones
Key milestones in the Company's path to becoming the first U.S. publicly traded investment fund focused on pre-IPO investing include the following:
May 2008 -- Formation of Keating Capital
November 2008 -- Election to become a business development company
January 2009 -- Registration with the SEC to become a public reporting company
June 2009 -- Effectiveness of the Company's continuous public offering registration statement
January 2010 -- First portfolio company investment; first closing of continuous public offering
February 2011 -- Successful pricing of the first portfolio company IPO
June 2011 -- Completion of the continuous public offering
December 2011 -- Nasdaq listing
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