Rodman & Renshaw

Rodman & Renshaw appears on the underwriting syndicate of 2 special purpose acquisition company IPOs in our index, including JetPay Corp and FlatWorld Acquisition Corp.. The full list, with the role credited on each cover page, is in the mandates table on this page.

We have not indexed a book-running credit for Rodman & Renshaw; every mandate on record is a co-manager or syndicate position. Bookrunner status is read from the prospectus cover, so a blank can also mean the cover did not separate the roles.

$94.0M of gross proceeds across every offering Rodman & Renshaw was named on. That is the conventional league-table measure, which credits the full deal to each syndicate member. The narrower figure is its own allocation: $35.0M, being the units the underwriting agreements assigned to Rodman & Renshaw specifically, priced at the $10 standard SPAC unit.

JetPay Corp, which raised $72.0M in May 2011. Rodman & Renshaw was credited as a syndicate member on that offering.

1 of the SPACs Rodman & Renshaw underwrote closed a combination: JetPay Corp. Closing means the vehicle filed a current report reporting completion of the acquisition. That is an outcome, not a return.

1 vehicles Rodman & Renshaw took public are still live, either searching or working towards an announced combination: FlatWorld Acquisition Corp.. Their combination deadlines are on each profile.

100%. Of the 1 vehicles Rodman & Renshaw underwrote that have already resolved, 1 closed a business combination and 0 liquidated. The market-wide figure is 13.2%, so Rodman & Renshaw sits above it. SPACs still searching are excluded, because an unfinished clock is not a result. The rate measures the vehicles, not the bank: a syndicate has no control over whether a sponsor finds a target.

We hold a current quote for none of Rodman & Renshaw's closed deals, so no comparison is possible here. Post-merger price history is not part of our dataset, and we would rather say so than imply a ranking the data does not support. What this page does show is the outcome of every vehicle and the trust economics disclosed at the time.

a British Virgin Islands business with (1 deal) and JetPay (1 deal). Sponsor franchises are resolved from the sponsor entity named in each prospectus, so repeat issuers group together even though every vehicle is a separate legal entity.

Most often EarlyBirdCapital (2), I-Bankers Securities (1), Ladenburg Thalmann (1), Maxim Group (1) and Cohen & Company (1). Syndicate composition is read from the prospectus cover and the underwriting section, so these are co-appearances on the same offering, not a commercial relationship we have any other visibility into.

Its first SPAC IPO in our index priced Dec 10, 2010 and the most recent May 10, 2011. 1 of its vehicles are still live, so the franchise is active.

2010, with 1 mandate worth $22.0M of gross proceeds. The chart on this page shows the full year-by-year run, which for most houses traces the 2020-21 boom and the retreat that followed.

The average offering it has been named on raised $47.0M, against a range from $22.0M to $72.0M. Deal size is a reasonable proxy for where a house sits in the market: the bulge bracket concentrates on larger trusts, the SPAC specialists on smaller ones.

Financial Services (1). Mandates are read from charter language in the prospectus and are often deliberately broad. Many SPACs reserve the right to pursue any industry, in which case no sector is tagged at all.

None in our index. Either its vehicles closed a deal or they are still inside their combination window.

Every figure is read from filings the registrants made with the SEC. Syndicate membership and role come from the prospectus cover and the underwriting section of each IPO prospectus (Form 424B4); outcomes come from the filing record: a current report announcing completion, or a delisting notice ending a liquidation. Nothing here is sourced from press coverage or from Rodman & Renshaw itself.