SAN DIEGO, Jan. 7, 2011 (GLOBE NEWSWIRE) -- Sagient Research Systems, a leading publisher of independent research for the financial services and institutional investment communities, today announced that Rodman & Renshaw, LLC ranked as the number one most active investment bank and Downsview Capital, Inc., ranked as the number one most active institutional investor in the U.S. PIPE market during 2010.
Sagient Research also announced that Sichenzia Ross Friedman Ference, LLP ranked as the number one most active issuer counsel, Schulte Roth & Zabel, LLP ranked as the number one most active investor counsel, and Weinstein Smith, LLP ranked as the number one most active placement agent counsel in the U.S. PIPE market during 2010.
PlacementTracker, a flagship product of Sagient Research Systems, is well recognized as the leading provider of research, data, and analytics covering the PIPE market.
During 2010, a total of $40.2 billion was raised in 1,203 transactions (of this amount, 61 transactions totaling $969 million have been announced but not yet closed as of 1/5/10). Commenting on the activity in the PIPE market in 2010, Tassanee Sukramule, Vice President of PlacementTracker said, "This year, we saw a significant decrease in the aggregate dollar amount of sub-$50m market cap companies completing deals. In 2009, we saw 583 deals for $6.5 billion. This year, we saw 509 deals for only $3.1 billion. While the overall market dollar amount of the PIPE market remained at the $39 billion level in 2009 and 2010, the decrease in the microcap space was negated by the large uptick in the $100-$300 million market cap issuers. These issuers increased their offerings from $4.64 billion in 2009 to $6.64 billion in 2010. We congratulate all of the active members of the PIPE community for successfully remaining steadfast during the economic uncertainty of 2010. Many of these firms are long-time customers of PlacementTracker, and we are dedicated to furnishing them with the most relevant data for our industry."
PlacementTracker's dynamically updating League Tables are available online at: .
About Sagient Research Systems
Sagient Research Systems is a publisher of specialized research and data. We develop, produce, and sell proprietary research products to global enterprises, including investment banks, mutual and hedge funds, pharmaceutical companies, academic institutions, and government agencies. Our business strategy is to continue to leverage our development, technology, and marketing expertise to solidify our position as a leading provider of independent research. In each of 2007, 2008, and 2009 Sagient Research was named to the Inc. 5000 list of fastest growing companies. For more information, please visit the Sagient Research Systems website at .
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CONTACT: Sagient Research Systems Tassanee Sukramule 858-200-2395
