Download The DealFlow Report
- Full Subscriber Access
Rodman & Renshaw Capital Group (RODM), the small-cap investment bank that is exiting the investment banking business to concentrate on its new DirectMarkets financial technology unit, may have to pursue a spinoff rather than a sale to maximize the banking unit's value, valuation professionals and attorneys said. More
The special purpose acquisition company Hicks Acquisition Company II (HKAC) agreed to acquire paper manufacturer Appleton Papers in a transaction valued at $675 million. More
David Johnson, a long-time capital markets partner with O'Melveny & Myers, was named as the new head of the law firm's Hong Kong office. More
JP Morgan Securities is underwriting a $75 million at-the-market offering facility for Otter Tail Corp. (OTTR), whose businesses include a regulated electric utility, wind power and infrastructure development, as it completes an overhaul that involved the sale of a number of businesses. More
MLV & Co. is underwriting a $20 million at-the-marketing offering facility for Echo Therapeutics (ECTE) to fund development of its technology to allow for painless, needle-free skin permeation for use in hospitals and critical care units and by people with diabetes. More
J.P. Morgan Securities is the sole book-running manager and Cowen and Co. is the co-manager on a $74.4 million confidentially marketed public offering of common stock of Dynavax Technologies (DVAX) to fund the commercial launch of its drug candidate HEPLISAV as an immunization against hepatitis B for adults. More
Duke Realty (DRE) became the seventh real estate investment trust of the year to announce an at-the-market offering facility.
Duke said it will sell up to $200 million in common stock under the facility underwritten by Morgan Stanley & Co., UBS Securities, J.P. Morgan Securities, and Credit Suisse Securities. More
Cantor Fitzgerald & Co., the leading arranger of at-the-market offering facilities, is underwriting a $300 million ATM offering of common shares of Clearwire Corp. (CLWR) to fund the wireless telecommunications company's deployment of mobile 4G LTE, or "long-term-evolution," technology. More
Community Choice Financial (CCFI)
$149.3M (IPO). Credit Suisse Securities, Jefferies & Co., Stephens, JMP Securities, William Blair & Co. Expected: May 7. More
Canaccord Genuity and Pareto Securities arranged a $13.1 million registered direct offering of common shares and warrants of Houston American Energy (HUSA) to fund the oil and gas producer's exploration budget. More
The Securities and Exchange Commission has begun administrative proceedings against Chinese oil field services company SinoTech Energy (CTESY) that could result in the revocation of the company's stock registration. More
Carlyle Group LP (CG)
$732M (IPO). JP Morgan Securities, Citigroup Global Markets, Credit Suisse Securities (USA), Bank of America Merrill Lynch, Barclays Capital, Deutsche Bank Securities, Goldman Sachs, Morgan Stanley & Co., UBS Securities, ICBC International Securities, Sandler O'Neill & Partners, Keefe Bruyette & Woods, CIBC World Markets, Itau BBA USA Securities, Nomura Securities International, Ramirez & Co., Scotia Capital Markets (USA), SG Americas Securities, Williams Capital Group, Mizuho Securities USA, SMBC Nikko Securities.
Expected: Wednesday, May 2. More
Rodman & Renshaw Capital Group, the most active PIPE placement agent, said it plans to focus on developing its DirectMarkets automated electronic platform for private placements and is "assessing and exploring strategic alternatives for its investment banking business." More
Facebook (FB)
$10.6 B(IPO). Morgan Stanley & Co., JP Morgan Securities, Goldman Sachs, Bank of America Merrill Lynch, Barclays Capital, Allen & Co., Citigroup Global Markets, Credit Suisse Securities, Deutsche Bank Securities, RBC Capital Markets, Wells Fargo Securities, Blaylock Robert Van, BMO Capital Markets, CL King & Associates, Cabrera Capital Markets, CastleOak Securities, Cowen & Co. More
At least initially, until the Securities and Exchange Commission finishes its rule making related to the JOBS Act, emerging growth companies preparing for initial public offerings under its relaxed standards, may still be constrained by previous disclosure requirements, attorneys and investment bankers say. More
Rodman & Renshaw Capital Group (RODM), the most active PIPE placement agent in nine of the past 10 years, said its shareholders approved its name change to Direct Markets Capital Group as expected at the firm's annual meeting. More
Singaporean sovereign wealth fund Temasek Holdings and RRJ Capital are investing $468.1 million in a registered direct offering of common stock of Cheniere Energy (LNG) to enable the oil and gas producer to put more capital into its gas gathering and processing master limited partnership. More
Aegis Capital Group, Roth Capital Partners, Brean Murray, Carret & Co. and Summer Street Research Partners arranged a $45 million confidentially marketed public offering for Synergy Pharmaceuticals (SGYP) to fund research and development, including Phase II and III trials of a drug to treat constipation and Phase I trials of a drug to treat gastro-intestinal diseases. More
The JOBS Act, which was designed to boost the small-cap IPO market, may instead cause some companies to stay private longer and could even cause some public companies to go private, investment bankers, consultants and attorneys say. More
MLV & Co. is underwriting a $35 million at-the-market offering facility for Synta Pharmaceuticals (SNTA) to fund development of drugs including the cancer treatment ganetispib and treatments for immune system failure and inflammatory disease. More
Raptor Pharmaceuticals (RPTP) and Eagle Bancorp (EGBN) became the 34th and 35th companies to announce plans to raise money through at-the-market offering facilities this year, bringing the total of ATMs to $2.04 billion. More
The Securities and Exchange Commission has approved an application by Nasdaq that effectively reduces the minimum share price required to qualify for listing from $4 to either $2 or $3, depending on a number of factors. More
Sign up to receive our FREE email newsletter on Registered Offerings.