A list of securities underwriters who manage small public offerings in the $3 million to $8 million range.
Most securities underwriters prefer big public offerings (on which they can bank big fees) over small ones. But there is a smattering of firms for which offerings in the $3-million-to-$8-million range are bread and butter. A recent breakdown of underwriters that had managed initial public offerings of less than $10 million, by Securities Data in Newark, turned up some unfamiliar names. Below are underwriters that have managed three or more issues in the two-year period through last fall, with the average dollar value of the issues.
Company No. of issues Avg. value Laidlaw Equities; New York City 7 issues $6.6 million212-949-5400
Whale Securities; New York City 7 issues $6.5 million212-484-2000
John G. Kinnard & Co.; Minneapolis 7 issues $5.4 million612-370-2700
Reich & Co.; New York City 5 issues $6.5 million212-527-2900
A.S. Goldmen & Co.; New York City 5 issues $5.9 million212-742-8500