Keefe, Bruyette & Woods' KBW, Inc. Selects VDM Specialists for its IPO
November 09 2006 - 8:30AM
PR Newswire (US)
NEW YORK, Nov. 9 /PRNewswire-FirstCall/ -- VDM Specialists, LLC
today announced that it has commenced managing the trading of KBW,
Inc. (NYSE:KBW), on the New York Stock Exchange (NYSE). KBW, Inc.,
through its subsidiaries Keefe, Bruyette & Woods, Inc., Keefe,
Bruyette & Woods Limited and KBW Asset Management, is a full
service investment bank specializing in the financial services
industry. The initial public offering comprised the sale of 6.8
million shares of common stock priced at $21, raising approximately
$142.8 million for the Company. "VDM is pleased to welcome KBW to
the New York Stock Exchange. Our history of representing companies
in the financial services sector positions us well to serve KBW, a
leading underwriter, research firm and market-maker" said Robert
Fagenson, CEO of VDM Specialists, LLC. "As KBW's listing
demonstrates, VDM Specialists has the track record and depth of
expertise to assist client companies in listing on the world's most
liquid and visible exchange." VDM Specialists represents a variety
of leaders in the financial services industry, including UBS AG,
BankAtlantic BankCorp, Inc., A.G. Edwards, Royal Bank of Canada,
Canadian Imperial Bank of Commerce, Banco Santander Central Hispano
S.A. and MBIA, Inc. About KBW, Inc. KBW Inc. operates in the US and
Europe through its broker dealer subsidiaries Keefe, Bruyette &
Woods, Inc. and Keefe Bruyette & Woods Ltd., and also offers
asset management services through KBW Asset Management, Inc. For
more information, please visit http://www.kbw.com/. About VDM
Specialists, LLC As one of the largest specialist firms on the
NYSE, VDM Specialists represents over 400 leading issues including
Pfizer, Hewlett-Packard, The Walt Disney Co. and Apache Corp. VDM
Specialists is part of publicly traded Van der Moolen Holdings NV
(NYSE:VDM). For more information about VDM Specialists, please
visit http://www.vdm-usa.com/. DATASOURCE: VDM Specialists, LLC
CONTACT: Mark A. Baer, Managing Director, VDM Specialists, LLC,
+1-646-576-2700, ; or Tristan Peniston-Bird, Gavin Anderson &
Company, +1-212-515-1933, Web site: http://www.kbw.com/
http://www.vdm-usa.com/
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