Piper Jaffray Continues Global Expansion, Opens Office in Shanghai
September 25 2006 - 9:29AM
PR Newswire (US)
MINNEAPOLIS and SHANGHAI, China, Sept. 25 /PRNewswire-FirstCall/ --
Piper Jaffray Companies (PJC), today announced that its chief
operating subsidiary, Piper Jaffray & Co., has opened its new
investment banking and research office in Shanghai. The new office
is part of the firm's continued global expansion in Asia and Europe
and will allow Piper Jaffray the opportunity to offer clients
broadened international investment banking and research services.
"Our expansion into Shanghai is a key part of our overall growth
initiative at Piper Jaffray enhancing our drive to be a leading
international middle market investment bank and institutional
securities firm," said Andrew Duff, chairman and chief executive
officer of Piper Jaffray Companies. "We are thrilled to launch our
first Piper Jaffray office in Shanghai, to serve our increasing
number of Asian clients in our areas of industry expertise." Piper
Jaffray & Co., has been active in the financial markets in Asia
since 2000, having completed six IPO and follow-on transactions
year-to-date and 20 transactions overall. The firm's first
transaction for a company with China-based operations was a U.S.
IPO for UTStarcom in 2000, which has been followed by transactions
for other leading Chinese technology companies including: Baidu.com
Inc., Ctrip.com International Ltd., Focus Media Holding Limited,
New Oriental Education and Technology Group, Shanda Interactive
Entertainment Limited, Tom Online Inc. and Vimicro International
Corporation. In addition, Piper Jaffray has hosted its China
Internet and Technology conference in Beijing the past three years.
The firm currently covers 17 Asian companies in its investment
research department. The Shanghai office officially opens today and
is located in the Platinum Building on Tai Cang Road in the Luwan
District in Shanghai. About Piper Jaffray Piper Jaffray Companies
is a leading, international middle-market investment bank and
institutional securities firm, serving the needs of middle-market
corporations, private equity groups, public entities, nonprofit
clients and institutional investors. Founded in 1895, Piper Jaffray
provides a comprehensive set of products and services, including
equity and debt capital markets products; public finance services;
mergers and acquisitions advisory services; high-yield and
structured products; institutional equity and fixed income sales
and trading; and equity and high-yield research. With headquarters
in Minneapolis, Piper Jaffray has 24 offices across the United
States and International locations in London, Madrid and Shanghai.
Piper Jaffray & Co. is the firm's principal operating
subsidiary. (NYSE:PJC) (http://www.piperjaffray.com/) Since 1895.
Member SIPC and NYSE. DATASOURCE: Piper Jaffray & Co. CONTACT:
Susan Beatty, Media Relations of Piper Jaffray & Co.,
+1-612-303-5680 Web site: http://www.piperjaffray.com/
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