As the global economy begins to show signs of recovery, the investment community is focusing specifically on one indicator: the level of business transactions. Fortunately, this level seems to be growing, as evidenced by investment firm Rodman & Renshaw Capital Group (NASDAQ: RODM). A dominant presence in the private investment for public equity arena, Rodman & Renshaw has seen the level of market activity, as well as the dollar amounts on these deals, increase significantly. In fact, the firm announced record revenue and profits for the second quarter of 2009. Rodman & Renshaw also swung to a quarter-overquarter profit of $15.9 million, or $0.42 per share, compared to the $12.3 million, or $0.35 per share, loss from Q1.
The firm’s expertise in both PIPE financing and Registered Direct offerings has been effective in helping companies deal with current economic conditions and their need for capital. PIPE transactions allow qualified investors to purchase stock at a set price directly. The technique is attractive to companies in need of capital because of its time and cost efficiency. While traditionally popular with small to medium-sized businesses, the capital markets conditions have opened up to some larger companies as well. To read the entire article, click here.
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