Public Equity Offerings
Needham & Company, LLC has been a leading manager of public equity offerings throughout its 28-year history, beginning with a 700,000 share offering for Galileo Optics Corporation in 1986. Since then, we have managed more than 680 equity offerings (including 220 IPOs), raising over $77 billion. Since 2002, Needham & Company has been the #1 underwriter of technology equity offerings on Wall Street for transactions of less than $250 million.
The Needham advantage lies in the deep experience of our investment banking and capital markets professionals. Our long and successful track record in managing public equity offerings enables us to structure offerings to fit specific client needs. Our professionals are adept at completing public equity offerings in various structures including:
Throughout the public offering process, our investment banking group, institutional equity sales force and capital markets desk collaborate to produce results. Our equity sales force is one of the most experienced on Wall Street, each averaging over 15 years in the industry. Leveraging this experience and deep institutional relationships, our sales force delivers candid, useful feedback and indications of interest to our capital markets professionals managing the book of orders. In tailoring the offering, the after-market is not an after-thought. We look to attract investors who offer value in the current transaction and support the issuing company in the long run.
At Needham, we believe that a public equity offering is only the beginning of a long relationship with a client and consider continued sponsorship beyond the immediate transaction to be one of our specialties. We are committed to supporting our clients from a market-making perspective after transaction close and seek to become a dominant factor in the ongoing daily trading of the company’s stock. In addition, we conduct over 300 road shows every year that are unrelated to a specific offering and whose sole purpose is to provide an in-depth update to our institutional investor clients. We also host several investor conferences, including the Needham Growth Conference, which is widely considered to be the largest of its kind on Wall Street. These and other events serve to continuously reinforce our clients’ exposure to the institutional investor community.