The Q1 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

28

$541,491,580

Roth Capital Partners, LLC

15

$542,561,539

Piper Jaffray & Co.

9

$274,400,222

Maxim Group LLC

9

$255,363,551

Jefferies & Company, Inc.

8

$511,349,999

Cowen and Company, LLC

8

$451,755,075

National Securities Corporation

8

$183,726,536

Ladenburg Thalmann & Co., Inc.

7

$356,209,960

SunTrust Robinson Humphrey, Inc.

5

$214,180,000

Oppenheimer & Co. Inc.

5

$205,735,000

Needham & Company, LLC

5

$195,210,035

Cantor Fitzgerald & Company

5

$185,700,001

Craig-Hallum Capital Group LLC

5

$162,183,321

Lake Street Capital Markets, LLC

5

$91,759,995

Evercore Group LLC

4

$592,155,000

Wedbush PacGrow Life Sciences

4

$263,009,999

Canaccord Genuity Inc. (US)

4

$156,375,011

Raymond James & Associates Inc.

4

$128,100,084

Chardan Capital Markets

4

$46,776,000

Laidlaw & Company (UK) Ltd.

4

$44,774,163

B. Riley & Co.

3

$204,999,952

Northland Securities, Inc.

3

$170,040,000

Credit Suisse Securities (USA) LLC

3

$154,400,000

William Blair & Company, LLC

3

$141,710,000

Palladium Capital Advisors, LLC

3

$136,371,527

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 04/12/2018.