With the boom in M&A and private equity, a myriad of investment banks have gone public.
Well, today, we got another IPO filing, this time from JMP Group Inc.
Headquartered in San Francisco, the firm has a big footprint in the world of tech deals. The founders came from one of the top tech outfits, Montgomery Securities, which sold out to Bank of America Corporation (NYSE: BAC).
Since its inception in 1999, JMP Group has lead or co-managed 119 IPOs, follow-ons and preferred offerings. The firm also advised on 59 M&A deals.
And growth has been strong. Over the past five years, revenues have surged from $13.4 million to $94.7 million.
The proposed ticker symbol is "JMP" and you can check out the IPO filing at the SEC web site.
Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.
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