Press Releases
ThinkEquity manages $55m float of Real Goods Solar
SAN FRANCISCO — May 9, 2008 — ThinkEquity LLC, the research-centric institutional investment bank focused on the growth economy, has acted as book-running lead manager on the $55m IPO of residential solar energy integration company, Real Goods Solar, Inc.
At a price of $10.00, a total of 5.5m shares were sold. The shares are listed on NASDAQ.
Tim Linacre, Panmure Gordon group chief executive, said: "This is an excellent IPO for the Group. It demonstrates the quality of our US franchise and the strength of its Greentech investment banking team."
Deborah Quazzo, ThinkEquity head of investment banking, said: "In difficult markets, this is one of the few successful tech-based IPOs to get away this year. Demand was strong and the IPO closed oversubscribed. A significant feature of its success was strong European interest. We were able to leverage the investment banking and sales expertise of our staff in the US, London and at Quaker Securities, ThinkEquity's wholly owned representative office in Nyon, Switzerland.
"The IPO further proves that there is investor appetite for high quality, greentech enterprises with a proven track-record. Real Goods Solar has 30 years experience in residential solar energy and I am delighted ThinkEquity was chosen to lead its listing," she said.
The IPO was co-managed by Canaccord Adams, Inc., and Broadpoint.
Further information:
US:
Deborah Quazzo, Head of Investment Banking, ThinkEquity LLC
Tel: +1 312 201 3101
UK:
Nathaniel Webb, Global Communications Manager, Panmure Gordon & Co
Tel: +44 (0)20 7614 8333
About ThinkEquity LLC — A Panmure Gordon Company
Focused on the growth sectors of the economy, ThinkEquity provides research, equity financing, M&A advisory, institutional sales and trading, wealth management and asset management services to institutional investors, corporate and private clients, venture capitalists, entrepreneurs and financial sponsors. As a Panmure Gordon company, ThinkEquity accesses the combined financial expertise of professionals based in San Francisco, New York, Boston, Chicago, London, Liverpool and Geneva. Research-driven, we remain true to our founding principles: the power of growth, focus, deep domain expertise and people. www.thinkequity.com
About the Panmure Gordon Group
Founded in 1876, Panmure Gordon & Co. (PMR.L) is a leading independent institutional stockbroker and investment bank. Encompassing its US franchise, ThinkEquity, LLC, the Group employs approximately 240 professionals across the US, the UK, Singapore and Nyon, Switzerland, offering a blend of transatlantic financial services including research, sales and trading, wealth management and asset management. www.panmure.com