NEW YORK, Jan. 21, 2015 /PRNewswire/ -- Cantor Fitzgerald, a leading financial services firm, today announced that the firm was ranked No. 1 in sole-managed at-the-market offerings (ATM) in 2014, according to data provided by Dealogic1, a technology and content platform used globally by financial services firms for deal origination and execution tracking. Cantor sole-managed 31 ATM offerings totaling approximately $1.5 billion in notional value, and was a part of 40 at-the-market offerings with a value of approximately $3.5 billion in 2014. Cantor continues to be a top provider of ATM offerings, reinforcing strong performance in the Equity Capital Markets and Investment Banking divisions, and has executed more ATM offerings than any other broker-dealer since 2001.
"This recognition symbolizes Cantor's leadership position in the ATM marketplace and demonstrates the strength of Cantor's distribution model to access liquidity and raise capital for corporate clients. Over the last 13 years, Cantor's deep industry knowledge and product expertise enables our investment banking and equity capital markets professionals to deliver differentiated advice and unmatched execution. I am proud to have our efforts consistently recognized by Dealogic, and would like to thank our clients for their ongoing support," said Shawn P. Matthews, Chief Executive Officer of Cantor Fitzgerald & Co.
At-the-Market offerings (ATMs) allow public companies to issue primary shares from time-to-time into the market at the current market price. ATMs address many of the inefficiencies in the traditional issuance model, including negative price impact, discounted purchases, and large underwriting spreads.
"We are proud to be ranked #1 in sole-managed ATMs by Dealogic, which is a testament to the expertise, breadth and quality of our work product, insight into the market, and ability to execute on behalf of corporate clients. Cantor's commitment to the ATM product combined with the team's deep understanding of clients' needs has positioned the firm as a consistent leader in this market," said Jeffrey Lumby, Head of Equity Capital Markets and Co-Head of Investment Banking at Cantor Fitzgerald & Co. "We look forward to maintaining our position as the top player, and remain focused on our goal of providing the highest level of service and exceptional value to our clients."
"This acknowledgement is validation of the team's outstanding performance and ability to leverage our leading distribution platform to raise capital across all sectors, and our ability to help our clients better match sources and uses of capital," said Joshua Feldman, Managing Director in Equity Capital Markets at Cantor Fitzgerald & Co. "We have seen tremendous momentum across the entire platform, and are proud of the reputation we have built as a trusted source for our corporate clients."
Cantor is also a leading ATM provider for Life Sciences companies with ATM programs filed in 2014 carrying a notional value of approximately $800 million. Companies in numerous industries have implemented ATM programs with Cantor Fitzgerald, including Real Estate, Financial Services, Healthcare, Business development companies (BDCs), Energy, Mining, and Transportation.
About Cantor Fitzgerald
Cantor Fitzgerald, a leading global financial services group at the forefront of financial and technological innovation has been a proven and resilient leader for over 65 years. Cantor is a preeminent investment bank serving more than 7,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, prime brokerage, and commercial real estate finance and for its global distribution platform. Cantor Fitzgerald & Co. is one of 22 primary dealers authorized to trade U.S. government securities with The Federal Reserve Bank of New York. Cantor Fitzgerald's 1,600 employees serve clients through over 35 locations, including major financial centers around the world in the Americas, Europe, Asia/Pacific, and the Middle East. For more information please visit www.cantor.com.
Note to Editors: Cantor Fitzgerald, L.P., led by Chairman and Chief Executive Officer Howard W. Lutnick, is the parent entity of Cantor Fitzgerald & Co., led by Chief Executive Officer Shawn P. Matthews.
1 Note - ATM ranking is based only on announced deals with a sole bookrunner, and the current deal value. ATM's are not rank eligible and are excluded from standard Dealogic ECM bookrunner rankings.
SOURCE Cantor Fitzgerald