Mezzanine level

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Mezzanine level

The period in a company's development just before it goes public.

Mezzanine Level

1. Informal; In bracketing, the second largest underwriting group responsible for placing a certain amount of a new issue with investors. The term is sometimes used interchangeably with "major bracket." Brackets are listed in order of size on an advertisement detailing each new issue, known as the tombstone.

2. In venture capital, a term used to describe a company with more risk and more potential return than an IPO, but less than a startup. It is also used to describe a company in which venture capital has been invested six to 12 months before going public. In general, the mezzanine level is a company that once was a startup but has succeeded and is progressing toward public trade. See also: Mezzanine financing, Mezzanine debt.
References in periodicals archive ?
It will have two mezzanine levels and have a total eaves height of some 25.
The larger of the two shops, where Mesa Grill is currently located at 102 Fifth, has 4,000 s/f of ground level space with additional basement and mezzanine levels.
Mezzanine levels have long been popular in church and chapel conversions, but they can also be used to add an extra room in ordinary houses, says Julia Gray YOU might not think so when it's as cold as it is now, but you''re lucky if your home has rooms with really high ceilings.
Both bedrooms have mezzanine levels, which could be used as studies, additional bedrooms, dressing rooms or hobbies areas.
As is always the case when restrictions come in, loopholes are sought to circumnavigate those restrictions and developing additional floorspace within the shell of a building was clearly an attractive route either by creating mezzanine levels or even opening up basement areas.
Asda Wal-Mart president and chief executive officer Tony DeNunzio said Asda was investing in new store builds, re-siting stores, extensions and adding mezzanine levels to existing stores.
Sunk partly underground, to maintain the domestic scale, a block has been added to the north-west side, housing architectural studios on basement and mezzanine levels.
A series of diagonal escalators set between a cascading fall of chilled water connect the street level to the grand internal plaza, with elevated mezzanine levels used for meetings, exhibitions and special functions.
The building includes 1,800 s/f of retail space on the first and mezzanine levels and a restaurant on the lower level.
The couple will provide non-fat, all-natural fruit smoothies and gourmet hot cocoa from two locations behind home plate on both the field and mezzanine levels.
Four commercial spaces situated in the lobby and mezzanine levels will offer luxury work space in one of the last authentic corners to remain in this rapidly burgeoning neighborhood.
Concerns center on CIFG's ability to compete with larger, established 'AAA' primary financial guaranty companies and the resulting trading disparity, concentration to the collateralized debt obligation (CDO) sector at both the senior most and highly rated mezzanine levels, and notable participation as a provider of financial guaranty reinsurance.