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Exclusive: Deutsche Bank-er joins IPO consultancy

March 18, 2013: 3:46 PM ET

Stock market tickerLeslie Pfrang to open New York office for Class V Group.

FORTUNE -- Leslie Pfrang is leaving Deutsche Bank in order to join IPO advisory boutique Class V Group, Fortune has learned.

Pfrang has been with Deutsche Bank (DB) for eight years, most recently as a managing director and head of technology sector sales within the firm's North American equities business. She also is a former managing director with Credit Suisse (CS), where she worked with Class V founder Lise Buyer.

Buyer says that Pfrang will open a New York City office for Silicon Valley-based Class V, which works with companies that are considering IPOs. She will work with companies in the Boston-to-DC corridor, and reflects a growing number of promising private companies based on the East Coast.

It's been a very weak year for IPOs, particularly the VC-backed tech companies with whom Class V typically works. Buyer -- who is credited with designing Google's (GOOG) IPO strategy -- says that there were a number of potential issuers planning Q4 2012 offerings, but that they held back due to concerns over how the public markets would react to both the presidential election and fiscal cliff negotiations -- worries reflected in a late December volatility index spike.

"Most of those companies still plan to go out, so there's an awful lot in the pipeline for Q2," Buyer adds.

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About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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