Rodman & Renshaw

What Rodman & Renshaw does

Rodman & Renshaw, founded in 1951, is a privately held boutique investment bank headquartered at 600 Lexington Avenue in New York City. The firm provides equity and debt financing, mergers and acquisitions advisory, and related corporate finance services to growth companies, primarily in the healthcare, technology, and energy sectors, and serves as placement agent for public offerings, registered directs, private placements, PIPEs, and a range of other capital markets transactions.

The firm is organized around four core functions: investment banking, equity research, institutional sales, and corporate access. Its flagship technology platform is StockBlock, a proprietary web-based eECM (electronic capital markets) system that connects public company issuers with institutional investors and supports real-time capital formation. Equity research is led by Director of Research Michael G. King Jr. and Vice President Seema Sheoran, Ph.D., with the team's work cited by the Wall Street Journal, Financial Times, and Institutional Investor; the firm maintains relationships with over 1,000 institutional investors in the U.S., Europe, and Asia.

Rodman & Renshaw generates revenue primarily through transaction-based fees paid by issuers for placement agent services and through professional services fees for M&A advisory and strategic advisory engagements. As a registered broker-dealer (FINRA/SIPC member) and Delaware LLC with 51-100 employees, the firm has executed over 500 transactions over the past 25 years, ranking within the top 4 investment banks by transaction count per PlacementTracker (as of November 2024).

Name

Rodman & Renshaw

Legal name

Rodman & Renshaw, LLC

Website

https://rodmanandrenshaw.com

Company type

Private

Founded year

1951

Operating status

Operating

Headcount range

51–100 employees

Short description

Rodman & Renshaw is a privately held, New York-based boutique investment bank founded in 1951 that provides equity and debt financing, M&A advisory, and placement agent services to lower middle market growth companies, distributing through a proprietary StockBlock eECM platform and a network of 1,000+ institutional investors.

Ownership category

akta.pro rank

Product category

Boutique Investment Banking

NAICS

Investment Banking and Securities Intermediation (52315), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (52394)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Public & PIPE Capital Raising Intermediation (IPO Follow-ons/Convertibles/PIPES) (FSAEALAL)

akta.pro secondary industry

Lower Middle-Market Business Brokerage (FSAEAIAB)

Keywords

• Investment banking services
• Equity capital markets
• Mergers and acquisitions advisory
• PIPE financing
• Equity research

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Banking / Placement Agent Fees: Rodman & Renshaw earns fees from acting as exclusive placement agent for securities offerings, including registered directs, public offerings, private placements, and PIPEs. Registered Representatives are compensated on successful completion of offerings.
2. Broker-Dealer Services: Compensation received from issuers in connection with securities offerings at the time of investment or on periodic basis. Revenue tied to successful transaction completion.
3. Strategic Advisory: M&A advisory fees for mergers, acquisitions, and restructurings for public and private companies.
4. Capital Markets Transaction Fees: Revenue from follow-ons, bought deals, at-the-market transactions (ATMs), S-1 public offerings, Regulation A offerings, and warrant inducements.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Rodman & Renshaw is a boutique investment bank providing equity and debt financing, mergers and acquisitions advisory, and strategic advisory services to lower middle market growth companies across healthcare, technology, and energy sectors. The firm acts as a placement agent for registered directs, public offerings, private placements, and PIPEs, and operates a proprietary StockBlock electronic capital markets (eECM) platform that connects public company issuers with institutional investors for real-time capital formation. Complementary offerings include equity research distribution, institutional sales coverage, and corporate access non-deal road shows.

Product overview

Rodman & Renshaw is a boutique investment bank offering a comprehensive suite of financial services built around its proprietary StockBlock platform. The core offering consists of Investment Banking services (capital markets, M&A advisory, debt/equity financing) and Equity Research, complemented by Institutional Sales, Corporate Access, and Strategic Advisory divisions. StockBlock serves as the proprietary eECM platform connecting issuers seeking capital with institutional investors, enabling real-time negotiation and capital formation. The firm has executed over 500 transactions in 25 years, ranking among the top 4 investment banks by transaction volume.

Differentiator

Problem solved

Functional benefit

Products and services

• StockBlock Proprietary web-based electronic capital markets (eECM) platform that connects public company issuers with institutional investors, enabling real-time negotiation and capital formation for securities offerings.
• Investment Banking Services Equity and debt financing, mergers and acquisitions support, and capital markets services including follow-ons, registered directs, bought deals, at-the-market transactions, S-1 public offerings, Regulation A offerings, and PIPEs for public and private companies.
• Equity Research Biotechnology and healthcare-focused equity research coverage from a team of Ph.D. and industry veteran analysts, followed by 1,000+ institutional clients and cited by the Wall Street Journal, Financial Times, and Institutional Investor.
• Institutional Sales Experienced sales staff maintaining direct relationships with 1,000+ institutional investors across the U.S., Europe, and Asia to support their participation in growth-company securities offerings.
• Corporate Access After-market support organizing non-deal road shows for industry leaders and emerging companies to foster relationships between issuer clients and the institutional investor network.
• Strategic Advisory M&A and strategic advisory services for public and private companies across capital raises, mergers and acquisitions, and restructurings.

Quantifiable outcome

• Top 4 investment bank by transaction count with 500+ transactions executed over 25 years
• +1 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• StockBlock (Internal Platform)coreTechnology or IntegrationStockBlock is Rodman & Renshaw's proprietary web-based eECM (electronic capital markets) platform that connects public company issuers with institutional investors. The platform empowers issuers to raise capital by enabling real-time negotiation with well-suited institutional investors, providing greater control over the capital formation process.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Oppenheimer & Co. Oppenheimer & Co. is a larger, broader financial services firm offering investment banking, equity research, and institutional sales with overlapping small-cap and mid-cap issuer coverage—larger and more diversified than Rodman.
• B. Riley Financial: B. Riley Financial is a diversified financial services firm offering investment banking, capital markets, and research with meaningful overlap in small-cap capital markets—broader scope but competing for similar mandates.
• Jefferies Financial Group: Jefferies is a mid-market focused full-service investment bank with substantially broader scale, comparable institutional sales and small-cap capital markets capabilities, but serving larger mandates than Rodman's boutique franchise.

Direct peers

• Maxim Group: Maxim Group is a boutique investment bank and broker-dealer providing investment banking, equity research, and institutional sales—closely overlapping Rodman's full service offering for small-cap issuers.
• EF Hutton: EF Hutton is a boutique investment bank offering capital markets, advisory, and institutional sales services to small and mid-cap companies—closely comparable in target market and service breadth.
• Aegis Capital Corp. Aegis Capital is a boutique broker-dealer providing investment banking, equity research, and institutional sales—directly comparable in service mix and small-cap issuer focus.
• Ladenburg Thalmann: Ladenburg Thalmann operated as a comparable boutique investment bank with similar services in capital markets, research, and advisory for small and mid-cap issuers before its acquisition.
• Roth Capital Partners: Roth Capital Partners is a closely comparable boutique investment bank specializing in PIPE/registered direct offerings, equity research, and institutional sales for small-cap and mid-cap companies, with comparable healthcare/biotech research franchise.
• ThinkEquity: ThinkEquity is a boutique investment bank focused on capital markets, equity research, and institutional sales for emerging growth companies—a near-twin of Rodman's lower middle market positioning.
• Alliance Global Partners (A.G.P.): A.G.P. is a direct peer operating as a boutique broker-dealer focused on PIPE transactions, equity research, and institutional sales for small and mid-cap issuers—overlapping directly in core service lines and target market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/200699923976013

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rodman & Renshaw