While the smaller cap public offering market has been depressed for many years, we may be seeing an increase in those offerings. Wile we have been experiencing an increase in inquiries regarding private placements, some investment firms are reporting significant increases in their underwriting activity.
This week Jefferies Group said profit rose 68% as stock underwriting more than doubled and investment- banking revenue reached a record. The firm reported a 47% increase in investment-banking revenue on the equity-underwriting gains. Global corporate-bond underwriting jumped 58% to $1.08 trillion in Jefferies’s fiscal fourth quarter from the previous three months, and global equity underwriting rose 77% to $221.1 billion, according to data compiled by Bloomberg.
For more information - Jefferies Net Income Increases 68% as Underwriting Gains
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The attorneys at Sallah Astarita & Cox have decades of experience in all aspects of securities law and regulation. Mark Astarita, one of our partners, is the author of two popular introductory articles - Introduction to the Federal Securities Laws and Introduction to Private Placements, which are available at SECLaw.com.
For more information about raising capital, and the SEC's new CrowdFunding proposals, call him at 212-509-6544 or at email us
