Rodman & Renshaw - Any opinions?

Does anyone have any information on this firm

They are publicly traded, so I know the basics

Recently added to the Russel 2000, Historically focused on PIPES and Registered Directs, Historically focused on Life Sciences and trying to diversify.

If anyone has info beyond the above, including opinions, I would appreciate it.

Thanks

 

Thanks ZIRH

2007Grad, Please elaborate. The aspect of reputation is important to me. Reputation meaning ethics (or perception of lack thereof) versus ranking

Please elaborate

 
HCG:
Thanks ZIRH

2007Grad, Please elaborate. The aspect of reputation is important to me. Reputation meaning ethics (or perception of lack thereof) versus ranking

Please elaborate

I had a phone interview and then an interview in their office...I tried to follow up and get a response from them but they never got back to me. Not even a response to a fuckin' email...you'll never see such behavior from most BB's

 

I don't really know about this firm, but FYI: I once saw this guy, presumably one of their analysts/associates (as he proudly carried a Rodman & Renshaw duffel bag), commuting from New Jersey to NYC by bus (NJTransit). Oh, and he had a bowl cut hair style. LMAO

-------------------------------------------------- "Whenever I'm about to do something, I think, 'Would an idiot do that?' And if they would, I do NOT do that thing." -Dwight Schrute, "The Office"-
 

are you saying that bb's always reply to emails after an interview. I have been to many bb interviews and sent follow up emails and no response, not from one of the analysts, mds, or eds... R&R has responded to all my emails and promptly for that matter, maybe its because they were interested in me but they seem to have a good reputation. They are usually referred to as one of the top middle market IB's.

 
Best Response
asb396:
They are usually referred to as one of the top middle market IB's.

They most definitely are not a top MM IB. This is a place for information and help, not a venue to inflate one's workplace and/or prospects.

Jefferies, Houlihan Lokey, Harris Williams, Baird, Blair, Piper Jaffray, etc., are examples of top MM IBs. R&R is not in a tier with these firms.

 

I actually used to work at Rodman, however I do not want to say in what capacity. The company was hit hard during the 2007-2008 economic crisis and they cut over 50 employees. The size of the company is about 120 people right now. They are mostly known for their healthcare and pharma coverage and have big name analysts in those fields. Overall, they are a very solid IB for their size. They have a ton of bright people working there and everyone has a good education background.

Their new focus is China. They invest in companies that are growing and have recurring capital needs. They do most of their finance in PIPE transactions and private placement deals. They have began to hire a little more and I know they company has done much better as of late. Their stock was a great pick to own at the end of last year and shot up to $6.50+. Since then, the company has been criticized for weak management in terms of helping shareholders.

They spend a lot of money on their global investment conferences, as they produce most of the business for the company. They have had very good quarters as of late and are re-designed their offices. They have beautiful new conference rooms and a multimedia room for interviews with the media and presentations.

Other than that, they're nothing special to work for employee wise. No company culture to really speak of and not much employee interaction. Everyone kind of keeps to themselves or their respective group. They don't offer any employee perks that I know of. However, they do pay well. First year analysts make about $60K and the bonuses are very good at all levels of the company. It's also your typical investment banking job. Mostly everyone works about 10 hour days, things don't get going around the office until 9 am and it's normal for people to be there till at least 10 pm.

Not sure where all the negative press came about what people have said. Makes a lot of sense they didn't answer you after an interview. I have no idea how HR really works there, as I got into the company through someone who already works there. They don't even post jobs I don't think.

 

Thanks for being so detailed golf_guy

How did you think people outside Rodman felt about the firm? Not so much shareholders, but competitors and industry players (funds, lenders,lawyers, etc.)

They are a bit under the radar so this is not as clear as it would be for a larger firm regardless of reputation.

 

I have to assume he meant 100 hour weeks.

And I assume by "everyone" he means Analysts.

Which would not apply to me but I can appreciate the info anyhow. :)

 

FYI: if you are talking about good health care boutiques, the usual suspects are Leerink Swann and Cain Brothers. As far as I know, R&R doesn't come anywhere near the two I just mentioned.

-------------------------------------------------- "Whenever I'm about to do something, I think, 'Would an idiot do that?' And if they would, I do NOT do that thing." -Dwight Schrute, "The Office"-
 
BespokeAnalyst2010:
FYI: if you are talking about good health care boutiques, the usual suspects are Leerink Swann and Cain Brothers. As far as I know, R&R doesn't come anywhere near the two I just mentioned.

Yeah, this is true. Especially Leerink for life sciences stuff. That asb guy was just talking out of his ass. He probably works at R&R (only has 3 banana points).

 

Dont work for RR, definitely not THE top MM IB but is one of the better ones out there in the specific space, take a look at recent deals. Lokey and Jaffray often steal talent from RR and vice versa. I retract my statement about one of the top MM IB's because they simply do not have the reputation, but it is a solid firm that does fairly well. SORRY if I offended you VanBurenBoyz.

 

How did you come into contact with the firm? Did you or someone you know work for them? How are your familiar with them?

Thanks

PS

Did you actually do a search for the "PIPES" tag in order to make that joke? :)

 

R&R is a serious PIPE/RD player, but if my memory serves me correctly, they don't do a heck of a lot in the standard IB space - M&A and equity issuance. If your goal is exit opps, the PIPE/RD experience probably won't serve you very well.

 

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