News & Events

Benchmark Acts as Lead Managing Underwriter for Biofrontaera AG

The Benchmark Company, in conjunction with Biofrontera AG (BFRA) (Frankfurt Stock Exchange:B8F) (“Biofrontera” or the “Company”), an international biopharmaceutical company, today announced the closing of a U.S. firm commitment underwritten public offering of American Depositary Shares ("ADSs"), at an offering price of $9.88 per ADS. Each ADS represents two of Biofrontera’s ordinary shares, nominal value €1.00 per share. The Company sold a total of 1,300,483 ADSs, including a full exercise by the underwriters of the over-allotment option to purchase 85,483 ADSs, which option exercise also closed today. The ADSs began trading on The NASDAQ Capital Market under the symbol “BFRA” on February 14, 2018. The Company received gross proceeds of approximately $12.9 million from the ADSs sold in this offering, before deducting underwriting discounts and commissions of approximately $1.0 million and other related expenses.

The Benchmark Company, LLC acted as Lead Managing Underwriter with Dawson James Securities, Inc. and Lake Street Capital Markets acted as co-managers. Dawson James Securities, Inc. acted as the “qualified independent underwriter” as in connection with this offering.

Michael Jacobs Joins Benchmark As Head Of Equity Capital Markets

We are pleased to announce that Michael Jacobs has joined Benchmark as Head of Equity Capital Markets in our New York office.  Prior to joining Benchmark, Michael was most recently at Axiom Capital.  Michael has over 30 years’ experience as an investment banker and was the founder of Capital Growth Financial.  He holds an MBA from the Stern School of Business  and a BBA from Emory University.

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Former Brean team joins Benchmark

Fawne Jiang  joins Benchmark as a Senior Equity Analyst covering Chinese Internet & Media stocks.  She is well respected as an Asian Internet analyst where she focuses on local coverage and data points, which is highly valued by our clients.  Fawne is accompanied by her associate Long Lin. Fawne and her team greatly expand Benchmark’s strengths in technology and media into a dynamic new area...

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