Pipe Rankings Validate Financings Getting Done
Rodman & Renshaw, LLC is again ranked as the #1 most active investment bank and Iroquois Capital, L.P., ranked as the #1 most active institutional investor in the US PIPE market during the first 3 quarters of 2009. The past 6 months have seen a dramatic restoration of the active PIPE market.
Through 9/30/09; a total of $31.3 B was raised in 739 transactions (of this amount, 62 transactions totaling $1.01 B have been announced but not yet closed as of 10/1/09. 85% of the transaction activity this year has occurred in the past six months reflecting a re-emergence of the traditionally active PIPE investors. (Source: PlacementTracker, Sagient Research Systems)
The 2009 U.S. Top 12 Placement Agents and Transaction Count (through 9/30/09):
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54 | $834,985,789.00 |
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18 | $463,370,337.00 |
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14 | $66,839,430.00 |
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13 | $419,259,962.0 |
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11 | $417,869,271.00 |
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11 | $376,144,409.00 |
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10 | $38,232,989.00 |
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8 | $206,294,637.00 |
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8 | $55,969,383.00 |
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7 | $62,222,176.00 |
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6 | $89,841,099.00 |
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6 | $85,312,062.00 |
Categories: Independent Equity Research
