Overview
Since our founding in 1972, C.L. King has evolved from an equity boutique to a 100% woman-owned full-service investment bank. Our focus on equity and fixed income capital markets remains the core of our robust platform supported by a well-respected research, sales, and trading operation. When combined with our strong capital base, we are an active securities underwriter.
We co-manage IPOs, follow-ons, secondaries, convertibles, preferred, and bond offerings. We also provide advisory services in connection with mergers, acquisitions, divestitures, valuation, and review of strategic alternatives. In addition, we transact directly in the capital markets on behalf of corporations and executives through our Corporate Services business focused on share repurchase and the monetization of restricted stock.
Fixed Income Capital Markets
As an active fixed income underwriter, C.L. King co-manages the issuance of investment grade bonds, high yield bonds and $25 par value retail bonds and preferreds. Our peer-leading capital base, proven fixed income sales and trading platform, and long-standing distribution capabilities into retail broker-dealers and mid-tier bond investors allows us to handle large underwriting commitments.
Complementary to and differentiated from that of global banks, C.L. King is a leading trader of fixed income product in “odd lots,” fulfilling a need in the market for investors who want to trade smaller amounts of fixed income securities. Consequently, in offerings we work carefully with issuers and large underwriters to bring in investors who represent incremental demand.
Equity Capital Markets
C.L. King’s deep buy-side relationships constitute a formidable distribution channel for stock offerings large and small. Our equity distribution complements and is differentiated from that of global banks. It includes both institutions and high-net-worth retail clients which we access through affiliated firms. Consequently, bringing incremental demand into an offering makes C.L. King an effective partner for issuers and larger underwriters.