PlacementTracker Publishes First Half 2018 PIPE Market League Tables

The First Half of 2018 U.S. PIPE and Private Placement Markets
Investment Banking League Table by Number of Transactions:

Placement Agent Name

Transaction Count

Total Amount Placed

H.C. Wainwright & Co., LLC

46

$1,144,955,508

Roth Capital Partners, LLC

34

$967,771,759

Maxim Group LLC

17

$388,278,552

Jefferies & Company, Inc.

15

$1,112,445,761

Piper Jaffray & Co.

15

$549,300,261

Ladenburg Thalmann & Co., Inc.

14

$556,443,161

Cowen and Company, LLC

13

$793,461,183

Oppenheimer & Co. Inc.

12

$534,219,276

National Securities Corporation

11

$269,472,761

Canaccord Genuity Inc. (US)

10

$526,425,009

Cantor Fitzgerald & Company

9

$378,134,769

Lake Street Capital Markets, LLC

9

$289,359,975

Craig-Hallum Capital Group LLC

9

$246,317,656

A.G.P./Alliance Global Partners

9

$191,343,659

SunTrust Robinson Humphrey, Inc.

8

$479,915,095

Laidlaw & Company (UK) Ltd

7

$219,790,647

Credit Suisse Securities (USA) LLC

6

$1,189,200,000

Stifel Nicolaus Weisel

6

$432,016,489

Palladium Capital Advisors, LLC

6

$335,059,527

B. Riley & Co.

6

$322,099,972

William Blair & Company, LLC

6

$302,220,000

Needham & Company, LLC

6

$240,208,835

Raymond James & Associates Inc.

6

$193,900,080

Chardan Capital Markets

6

$93,781,696

Dawson James Securities, Inc.

6

$22,014,671

Investment Banking rankings exclude all 144-A Offerings,  Equity Lines of Credit, At the Market Transactions, Rights Offerings, Bought Deals, and all PIPE transactions conducted by foreign issuers that trade in the U.S. on the OTC.  On transactions where an investment banking firm has acted solely as Financial Advisor, that transaction has been excluded from that firm's ranking.  Co-agented transactions award full transaction credit to all agents participating (regardless of status of lead agent or co-agent).  Data is for closed and definitive agreement transactions reported as of 07/16/18.

The First Half of 2018 U.S. PIPE and Private Placement Markets

Institutional Investor League Table by Number of Transactions:

Investor Name

Transaction Count

Total Amount Invested

IntraCoastal Capital, LLC

10

$10,831,974

Iroquois Capital L.P.

9

$6,079,571

Hudson Bay Capital Management LP

8

$46,111,129

Sabby Management, LLC

8

$21,200,140

Anson Capital, LP

8

$9,182,865

Lincoln Park Capital

8

$7,189,130

Brio Capital Management LLC

6

$1,249,133

BVF, Inc.

5

$39,604,874

Yorkville Advisors, LLC

4

$7,500,000

New Enterprise Associates

4

$2,000,000

L1 Capital

4

$1,404,643

Tortoise Capital Advisors, LLC

3

$135,001,000

Perceptive Advisors, LLC

3

$29,999,998

RA Capital Management, LLC

3

$26,448,890

LH Financial Services Corporation

3

$13,326,232

Aspire Capital Partners, Inc.

3

$12,953,339

Merida Capital Partners

3

$8,000,000

Armistice Capital Master Fund Limited

3

$7,251,930

Tenor Capital Management

3

$3,578,767

Broadfin Capital, LLC

3

$3,571,647

Vivo Ventures, LLC

3

$1,999,993

Roivant Sciences, Inc.

2

$47,500,004

Coliseum Capital Management, LLC

2

$36,551,100

EW Healthcare Partners

2

$34,999,999

Sagard Capital

2

$25,199,001

Investor rankings exclude all 144-A Offerings, Equity Lines of Credit, At the Market Transactions, Rights Offerings, Bought Deals, and all PIPE transactions conducted by foreign issuers that trade in the U.S. on the OTC.  Investors classified as Corporate Investors and Insurance Companies have been excluded from this ranking.  Data is for closed and definitive agreement transactions reported as of 07/16/18.

The First Half of 2018 U.S. PIPE and Private Placement Markets

Issuer Counsel League Table by Number of Transactions:

Legal Counsel

Transaction Count

Total Amount Advised

Cooley LLP

16

$884,126,245

Sichenzia Ross Ference Kesner LLP

9

$100,322,993

Goodwin Procter, LLP

7

$275,296,060

Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC

6

$205,611,027

Greenberg Traurig, LLP

5

$211,243,675

Hogan Lovells

5

$133,953,362

Wilson Sonsini Goodrich & Rosati

5

$115,843,000

K&L Gates LLP

4

$153,749,766

Alston & Bird, LLP

4

$119,580,001

Latham & Watkins, LLP

4

$113,255,140

Mitchell, Silberberg & Knupp LLP

4

$50,122,502

Jones Day

3

$1,027,140,537

Gibson, Dunn & Crutcher, LLP

3

$367,833,261

Morgan, Lewis & Bockius, LLP

3

$198,526,003

Ropes & Gray

3

$162,500,037

Graubard Miller

3

$99,712,613

Davis Polk & Wardwell LLP

3

$91,049,993

TroyGould PC

3

$53,989,983

Brownstein Hyatt Farber Schreck

3

$49,390,000

Burns & Levinson, LLP

3

$41,200,001

Perkins Coie, LLP

3

$24,868,789

Haynes and Boone, LLP

3

$20,040,380

Lowenstein Sandler LLP

3

$10,886,871

Kirkland & Ellis

2

$220,000,000

Morrison & Foerster, LLP

2

$142,003,702

Legal counsel rankings exclude all 144-A Offerings, Equity Lines of Credit, At the Market Transactions, Rights Offerings, Bought Deals, and all PIPE transactions conducted by foreign issuers that trade in the U.S. on the OTC.  Data is for closed and definitive agreement transactions reported as of 07/16/18.

The First Half of 2018 U.S. PIPE and Private Placement Markets

Investor Counsel League Table by Number of Transactions:

Legal Counsel

Transaction Count

Total Amount Advised

Schulte Roth & Zabel, LLP

19

$453,109,598

Kirkland & Ellis

3

$950,000,000

Paul, Weiss, Rifkind, Wharton & Garrison

3

$15,717,967

Ropes & Gray

2

$1,011,600,000

McDermott, Will & Emery

2

$15,050,585

Kelley Drye & Warren LLP

2

$8,000,000

Sidley Austin LLP

1

$1,428,375,000

Mayer Brown LLP

1

$200,000,000

Clifford Chance US, LLP

1

$50,000,000

Wilson Sonsini Goodrich & Rosati

1

$30,514,967

White & Case, LLP

1

$22,500,004

Willkie, Farr & Gallagher

1

$20,000,000

Baker & McKenzie

1

$17,000,000

Hughes, Hubbard & Reed, LLP

1

$9,926,000

Ellenoff Grossman & Schole LLP

1

$6,000,000

Hansen Black Anderson Ashcraft PLLC

1

$3,860,000

Schiff Hardin, LLP

1

$2,390,000

Morse Zelnick Rose & Lander

1

$1,425,000

Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC

1

$1,300,000

Legal counsel rankings exclude all 144-A Offerings, Equity Lines of Credit, At the Market Transactions, Rights Offerings, Bought Deals, and all PIPE transactions conducted by foreign issuers that trade in the U.S. on the OTC.  Data is for closed and definitive agreement transactions reported as of 07/16/18.

The First Half of 2018 U.S. PIPE and Private Placement Markets

Placement Agent Counsel League Table by Number of Transactions:

Legal Counsel

Transaction Count

   Total Amount Advised

Goodwin Procter, LLP

13

$647,300,681

Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC

13

$454,698,874

Latham & Watkins, LLP

11

$928,749,357

Ellenoff Grossman & Schole LLP

11

$92,495,300

Cooley LLP

9

$403,190,005

Duane Morris, LLP

4

$191,803,702

Proskauer Rose, LLP

4

$166,293,747

Covington & Burling

3

$98,512,492

Faegre Baker Daniels LLP

3

$34,193,417

Sheppard, Mullin, Richter & Hampton, LLP

3

$15,774,156

Schiff Hardin & Waite

3

$12,524,671

Mallon & Johnson

3

$10,886,871

Davis Polk & Wardwell LLP

2

$178,370,000

O'Melveny & Myers LLP

2

$175,490,001

Davis Polk & Wardwell

2

$89,000,000

Pillsbury, Winthrop, Shaw & Pittman, LLP

2

$55,250,000

DLA Piper

2

$50,000,005

McDermott, Will & Emery

2

$8,000,000

Morgan, Lewis & Bockius, LLP

1

$100,650,000

Faegre & Benson, LLP

1

$69,000,000

Cahill, Gordon & Reindel

1

$65,397,260

Lewis Rice LLC

1

$50,000,000

Wilson Sonsini Goodrich & Rosati

1

$49,500,000

Ropes & Gray

1

$37,375,000

Gornitzky & Co.

1

$35,400,000

Legal counsel rankings exclude all 144-A Offerings, Equity Lines of Credit, At the Market Transactions, Rights Offerings, Bought Deals, and all PIPE transactions conducted by foreign issuers that trade in the U.S. on the OTC.  Data is for closed and definitive agreement transactions reported as of 07/16/18.

The First Half of 2018 U.S. ATM Market

Sales Agent by Number of Transactions:

Sales Agent

Transaction Count

   Commitment Amount

Cantor Fitzgerald & Company

20

$2,595,740,000

B. Riley & Co.

19

$954,648,415

Cowen and Company, LLC

16

$1,097,815,000

Bank of America Merrill Lynch

13

$6,523,470,629

Jefferies & Company, Inc.

13

$4,112,000,000

Wells Fargo Securities, LLC

13

$7,552,959,652

H.C. Wainwright & Co., LLC

12

$386,053,000

Stifel Nicolaus Weisel

10

$1,730,000,000

RBC Capital Markets, Inc.

10

$4,960,565,000

SunTrust Robinson Humphrey, Inc.

10

$3,612,000,000

J.P. Morgan Securities (Asia Pacific) Limited

10

$6,286,470,629

J.P. Morgan Chase & Co.

10

$5,265,000,000

JMP Securities LLC

10

$1,047,982,849

Citigroup Global Markets, Inc.

9

$6,808,959,652

Raymond James & Associates Inc.

9

$2,425,565,000

KeyBanc Capital Markets

8

$2,125,000,000

Goldman, Sachs & Co.

8

$4,423,565,000

Barclays Capital, Inc.

7

$5,915,959,652

Credit Suisse Securities (USA) LLC

6

$4,100,000,000

BTIG, LLC

6

$1,345,000,000

Citigroup Global Markets Limited

6

$3,500,000,000

Ladenburg Thalmann & Co., Inc.

6

$630,821,025

Capital One Securities

6

$1,537,000,000

Robert W. Baird & Co.

6

$1,480,000,000

Morgan Stanley & Co. International plc

5

$3,012,000,000

Sales Agent rankings includes At the Market transactions only.  Data is for closed and definitive agreement transactions reported as of 07/16/18.

The First Half of 2018 U.S. ATM Market 

Sales Agent by Commitment Amount:

Sales Agent

Transaction Count

   Commitment Amount

Wells Fargo Securities, LLC

13

$7,552,959,652

Citigroup Global Markets, Inc.

9

$6,808,959,652

Bank of America Merrill Lynch

13

$6,523,470,629

J.P. Morgan Securities (Asia Pacific) Limited

10

$6,286,470,629

Barclays Capital, Inc.

7

$5,915,959,652

J.P. Morgan Chase & Co.

10

$5,265,000,000

RBC Capital Markets, Inc.

10

$4,960,565,000

Goldman, Sachs & Co.

8

$4,423,565,000

Jefferies & Company, Inc.

13

$4,112,000,000

Credit Suisse Securities (USA) LLC

6

$4,100,000,000

UBS Securities LLC

3

$3,990,959,652

SunTrust Robinson Humphrey, Inc.

10

$3,612,000,000

Citigroup Global Markets Limited

6

$3,500,000,000

Morgan Stanley & Co. International plc

5

$3,012,000,000

TD Securities (USA) Inc.

3

$3,000,000,000

BMO Capital Markets Corp.

4

$2,735,700,000

Cantor Fitzgerald & Company

20

$2,595,740,000

Raymond James & Associates Inc.

9

$2,425,565,000

KeyBanc Capital Markets

8

$2,125,000,000

TD Securities (Canada), Inc.

2

$2,035,700,000

J.P. Morgan Securities Canada Inc.

1

$2,000,000,000

BMO Nesbitt Burns, Inc.

1

$2,000,000,000

J.P. Morgan Securities LLC

1

$2,000,000,000

Deutsche Bank Securities, Inc.

4

$1,800,000,000

Keefe, Bruyette & Woods, Inc.

2

$1,740,982,849

Sales Agent rankings includes At the Market transactions only.  Data is for closed and definitive agreement transactions reported as of 07/16/18.