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 ?
Offered in multiple configurations, the Tri-Side safety gate is engineered to reduce the potential for accidents associated with pallet drop areas on mezzanine levels. The dual-gate system creates a completely enclosed workstation to protect workers and materials during loading and off-loading operations.
The facility will total 915,000 sq ft (85,000 sq m) of floor space including the warehouse, office space and mezzanine levels. The building will also include a 100 metre conveyor link bridge from the north eastern corner of the building to principally serve for the transfer of stock from the existing Next warehouse.
Eastern Consolidated is in the market with a 3,000 s/f retail condominium on the ground and mezzanine levels of 60 Orchard Street, a nine-story, 14,937 s/f residential building located between Hester and Grand Streets in the heart of New York City's burgeoning Lower East Side.
Internally, it is well fitted-out with an open-plan bar, pool table area and seating on both the ground and mezzanine levels."
Both bedrooms have mezzanine levels, which could be used as studies, additional bedrooms, dressing rooms or hobbies areas.
The wire mesh barriers provide an effective safety solution to protect staff working on the mezzanine levels which reach a height of nearly nine metres and each cover an area of ground 1000 sq metres.
The big-box home improvement retailer plans to have second-floor mezzanine levels dedicated to major appliances in 45 of its older locations by mid-June.
The 258-strong supermarket chain, which has joined a bidding war for smaller rival Safeway, has found inventive ways of getting round planning laws that restrict new openings, including adding mezzanine levels to existing stores.
Unit 6 covers almost 2,900 sq ft at ground and mezzanine levels. A rental of pounds 35,500 per annum is being sought, equating to around pounds 10 per sq ft.
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. New and old are connected by a narrow ramp that threads its way up through the building, unifying and revealing the various studio, meeting and office spaces in a leisurely promenade architecturale.