Cowen Group, Inc. is a provider of investment banking services, including underwriting, equity research, sales, trading, and mergers and acquisitions advice to emerging growth companies. It also provides other capital raising solutions for firms. The company provides investment banking services to the healthcare, technology, media, telecommunications, aerospace, defense, consumer, and alternative energy sectors.
Cowen Group Inc. trades on the NASDAQ as part of the national Investment Brokerage industry. Cowen’s current market capitalization is $115.36m. Headquartered in New York City, the company also has additional offices in Boston, Chicago, Cleveland, Dallas, San Francisco, Stamford, London, and Geneva.
It offers extensive aftermarket trading services with a leadership position among market makers in Health Care and Technology stocks. Cowen also serves a select group of firms with the above-mentioned investment banking services. These include equity and convertible debt financings, and private placements. Cowen provides mergers and acquisitions advisory services such as strategic alliances, joint ventures, and restricted security sales.
Harry Cowen and Arthur Cowen, Sr. started Cowen & Company in 1918 as a small bond brokerage on Broadway in New York City. In 1998, France’s Société Générale established a U.S. presence by acquiring Cowen. This resulted in SG Cowen Securities Corporation. Société Générale then proceeded to agree to separate the Cowen businesses through an initial public offering. In July 2006, Cowen Group, Inc. became a public company. Cowen Group Inc. now focuses on its own platform by continuing to add new products to serve existing clients, adding professionals to its existing sectors, and adding new sectors and business lines.
In March of this year, Cowen Group, Inc. announced that it had signed a definitive agreement to acquire 100 percent of Latitude Capital Group, a boutique investment bank headquartered in Hong Kong. The proposed business combination will help further Cowen’s business activities in Asia and provide a platform for future growth of its sector-focused investment banking strategy throughout the region. Cowen Inc. sees moves such as this as integral to its commitment to provide the best range of services to as diverse a clientele as possible.
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