JMP Group Inc. Announces Pricing of Initial Public Offering
11 Mai 2007 - 4:00AM
Business Wire
JMP Group Inc. (NYSE:JMP) announced today the pricing of the
initial public offering of 7,999,098 shares of its common stock.
The offering has been priced at $11.00 per�share. The shares are
expected to begin trading on May 11, 2007, on the New York Stock
Exchange under the symbol �JMP.� Of the 7,999,098 shares being
offered, JMP Group Inc. is selling 6,000,000 shares, and certain of
its stockholders are selling 1,999,098 shares. The underwriters
have been granted an option to purchase up to an additional
1,199,864 shares of common stock from JMP Group Inc. at the initial
public offering price less the underwriting discount. JMP
Securities, Merrill Lynch & Co. and Keefe, Bruyette & Woods
are acting as joint book-running managers of the offering.
Fox-Pitt, Kelton, Sandler O�Neill + Partners, L.P. and Signal Hill
are acting as co-managers. Any offer of shares of common stock will
be made only by means of a prospectus. A copy of the final
prospectus related to the offering, when it is available, may be
obtained by contacting any of the book-running managers: JMP
Securities - Equity Syndicate 600 Montgomery Street, Suite 1100,
San Francisco, CA 94111 (415) 835-8900 Merrill Lynch & Co. -
Prospectus Department 4 World Financial Center, New York, NY 10080
(212) 449-1000 Keefe, Bruyette & Woods - Equity Syndicate 787
Seventh Avenue, 4th Floor, New York, NY 10019 (212) 887-8968 The
final prospectus, when available, also may be obtained on the
website of the U.S. Securities and Exchange Commission at
http://www.sec.gov. A registration statement relating to these
securities was declared effective on May 10, 2006. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification
under the securities laws of any such state or jurisdiction. About
JMP Group JMP Group Inc. (NYSE:JMP) is a full-service investment
banking and asset management firm that provides investment banking,
sales and trading, and equity research services to corporate and
institutional clients and alternative asset management products to
institutional and high-net-worth investors. JMP Group operates
through two subsidiaries, JMP Securities LLC and JMP Asset
Management LLC. For more information, visit www.jmpg.com.
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