Case Study
Long Term and Integrated
Sales & Trading Client Support – Long Term and Integrated • UPC acquired Uranium Limited (formerly Nufcor Uranium Limited) to capitalize on a market valuation spread • Strong support for UPC post IPO as the #1 trader of UPC shares and leading research coverage • Integral to the formation of UPC • Strong aftermarket support allowed UPC to raise additional equity on multiple occasions at a premium to NAV M&A Advice IPO and Follow-On Offerings Dealer 2 Block Trading Market Share – IPO to May 2010 Dealer 3 All Others $100,000,000 $64,500,000 $51,750,000 $100,000,000 $94,900,000 $57,500,000 $74,778,750 $103,607,812 Lead Manager 2005 – 2009 IPO $148,000,000 Acquisition of Financial Advisor to UPC March 2010 30% 10% 8% 8% 5% 5% 35% Dealer 4 Dealer 5 Dealer 6 $0.00 $2.00 $4.00 $6.00 $8.00 $