About Investment Banking
Our team of experienced investment bankers focuses on building long-term relationships with corporates, investors, and financial sponsors who can look to us for advice on how to support their business objectives through all market cycles.
We provide a wide breadth of products and services, including equity and debt capital markets and advisory, as well as special purpose acquisition companies (SPACs), convertible notes, and ATM offerings. With access to a broad institutional investor base, our 200-person salesforce can match differentiated demand across all major global markets.
Guided by a growth mindset, we’ve made significant investments in our human capital and have built a powerhouse team, including across the healthcare and technology sectors. With their specialized expertise, Cantor can provide bulge-bracket capabilities with a personalized experience that always puts our clients first.
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Transactions сompleted since 2016
$0 billion+
Raised since 2016
At a Glance
Our Capabilities
Equity Capital Markets
Equity Capital Markets
Our expanding Equity Capital Markets (ECM) practice provides a full range of capital markets capabilities, including:
- Initial public offerings (IPOs)
- Confidentially marketed public offerings (CMPOs)
- Marketed follow-on offerings
- Registered direct transactions (RDs)
- Private investment in public equity (PIPEs)
- Bought deals
With a team of more than 200 equity sales and trading professionals spanning trading hubs in New York, London, and Hong Kong, we give our clients access to more than 7,000 institutional investor accounts. Cantor combines bulge bracket distribution capabilities with connectivity to middle market institutional investors to provide differentiated demand.
ATMs
ATMs
We are a leader in the ATM market, with programs filed in healthcare, technology, metals and mining, crypto, closed-end-funds, and REITs. Our team has executed more ATM offerings than any other broker dealer since 2001, maintaining a top-three ranking in healthcare and metals and mining, and we continue to expand our business in the technology sector. As one of the early pioneers in the ATM market, our experience and expertise have consistently helped our clients raise the capital they need on the terms they want.
Mergers & Acquisitions
Mergers & Acquisitions
We are an independent, trusted global M&A advisor with deep sector expertise, insights, and execution capabilities. We partner with clients across a wide range of advisory services, including mergers and acquisitions, divestitures, strategic partnerships, spin-offs, joint ventures, fairness opinions, and shareholder advisory.
Our team of dedicated professionals has a significant track record of providing exceptional results for our clients. Management teams and Boards look to us for our thoughtful, tailored advice when navigating their most important strategic decisions.
Debt Capital Markets
Debt Capital Markets
Cantor’s debt advisory team has extensive experience executing financings across a range of different situations and structures and can customize its approach depending on the borrower’s needs. Our network of long-standing relationships with capital providers, combined with our deep sector expertise within healthcare and technology, sets us apart and uniquely positions us to help our clients raise non-dilutive capital in any market condition.
Our debt advisory team works hand in hand with our industry bankers to deliver a streamlined experience, and our high-touch approach provides our clients with optimal transaction structuring and execution.
Debt Structures
- Venture debt
- Structured debt
- Royalty financing
- Product/clinical trial finance
- Asset-based loans
- Unitranche loans
- Second-lien/mezzanine
- Preferred equity
Situations
- Growth capital
- R&D/product finance
- Acquisition financing
- Refinancing
- Dividend recap
- Management buyout
- Special situations financing
SPACs
SPACs
Cantor’s market-leading special purpose acquisition company (SPAC) practice provides a comprehensive suite of advisory and capital raising solutions for SPAC sponsors and private companies seeking to go public. Leveraging one of the largest and most experienced teams on Wall Street, we have demonstrated an unwavering commitment to clients across market cycles and regulatory environments. With the global reach and relationships of a money center bank and the agility of a boutique, Cantor remains at the forefront of developing innovative structures and approaches that enhance the appeal of SPACs for both private companies and investors.
Convertibles
Convertibles
Our award-winning convertibles practice is a leader in global convertibles issuance, boasting more than 25 years of market experience. We’ve helped borrowers raise more than $125 billion of equity-linked capital through both convertible bond and convertible preferred offerings.
With access to a wide network of institutional investors, we help companies raise funds with nondilutive solutions, while also providing greater funding flexibility at a lower cost than traditional debt markets.
Our Sectors
With deep sector knowledge and strong buy-side relationships, Cantor provides a full suite of investment banking services to healthcare businesses, supporting them through key strategic decisions in all market conditions. The team’s key focus areas include biotech, medical devices, healthcare services/facilities, pharmacy services, and healthcare IT.
Our award-winning global power, energy transition and infrastructure team has more than 20 years of experience advising a broad range of businesses on M&A, capital raising, project financing, and more. The team focuses on renewable and conventional power businesses and projects, companies across the energy transition value chain, as well as a diverse range of infrastructure businesses and projects spanning transport, telecoms, and utilities.
Our global technology team is the fastest growing on our investment banking platform, offering M&A, ECM, private placement, and debt advisory capabilities to companies across a wide array of technology sub-sectors, including software, industrial technologies, electronics, internet and digital media, tech-enabled services, and fintech. With deep domain expertise, our team ensures both early stage and established tech companies have the support they need.
With more than 25 years of experience, the team provides a number of services across financial advisory, equity capital markets, equity-linked capital markets, and debt capital markets with a focus on various commodities, including precious metals, base metals, uranium, battery materials, and other specialty metals and minerals. The team supports companies from exploration through production and is also active across numerous publicly traded physical commodity funds. The team has strong expertise in cross-border transactions, and regularly works with issuers listed in the US, Canada, the UK, and Australia.
Our Leadership
Sage Kelly
Senior Managing Director
Global Head of Investment Banking
Sage Kelly
Sage Kelly
Senior Managing Director
Global Head of Investment Banking
Sage Kelly is a Senior Managing Director and Global Head of Investment Banking at Cantor Fitzgerald & Co.
Mr. Kelly has 30 years of experience in investment banking. Prior to joining Cantor, he served as the Head of Healthcare Investment Banking at Jefferies from 2009 to 2015. Before that, Mr. Kelly was a Managing Director at UBS, where he worked from 1999 to 2009, and at Citibank in the Healthcare Investment Banking Group from 1994 to 1999.
Mr. Kelly also spent three years working in the biotechnology industry for Genetics Institute.
Mr. Kelly is a graduate of Boston College and holds a bachelor’s degree in finance, economics, and chemistry.
Recent Transactions
$345,000,000
Follow-on Offering
Joint Bookrunner
October 2024
$331,200,000
Initial Public Offering
Joint Bookrunner
October 2024
$84,750,000
Follow-on Offering & Concurrent PIPE
Joint Bookrunner
October 2024
$500,000,000
Follow-on Offering
Joint Bookrunner
October 2024
$500,000,000
Convertible Senior Notes
Solo Bookrunner
October 2024
$450,000,000
Convertible Senior Notes
Joint Bookrunner
October 2024
$21,000,000,000
At-The-Market Offering
Joint Agent
October 2024
$200,000,000
(NASDAQ: CCIRU)
Initial Public Offering
Solo Bookrunner
October 2024
Recent Transactions
$345,000,000
Follow-on Offering
Joint Bookrunner
October 2024
$331,200,000
Initial Public Offering
Joint Bookrunner
October 2024
$84,750,000
Follow-on Offering & Concurrent PIPE
Joint Bookrunner
October 2024
$500,000,000
Follow-on Offering
Joint Bookrunner
October 2024
$500,000,000
Convertible Senior Notes
Solo Bookrunner
October 2024
$450,000,000
Convertible Senior Notes
Joint Bookrunner
October 2024
$21,000,000,000
At-The-Market Offering
Joint Agent
October 2024
$200,000,000
(NASDAQ: CCIRU)
Initial Public Offering
Solo Bookrunner
October 2024
$230,000,000
(NASDAQ: LPBBU)
Initial Public Offering
Solo Bookrunner
October 2024
$315,000,000
Initial Public Offering
Joint Bookrunner
September 2024
$135,000,000
Enterprise Value
SPAC IPO Underwriter
Pending
$240,000,000
Enterprise Value
SPAC IPO Underwriter
Pending
$870,000,000
Enterprise Value
SPAC IPO Underwriter
Pending
$600,000,000
At-The-Market Offering
Joint Agent
September 2024
$400,000,000
At-The-Market Offering
Joint Agent
September 2024
$300,000,000
Convertible Senior Notes
Joint Bookrunner
August 2024
$460,000,000
Convertible Senior Notes
Joint Bookrunner
August 2024
$60,000,000
Follow-On Offering
Lead Left Bookrunner
August 2024
$345,138,000
Follow-on Offering
Joint Bookrunner
August 2024
$287,500,000
(NASDAQ: MBAVU)
Initial Public Offering
Sole Bookrunner
August 2024
$253,000,000
(NASDAQ: VACHU)
Initial Public Offering
Sole Bookrunner
August 2024
$100,000,000
(NASDAQ: CEP)
Initial Public Offering
Sole Bookrunner
August 2024
$230,000,000
(NASDAQ: HONDU)
Initial Public Offering
Sole Bookrunner
August 2024
$1,600,000,000
Enterprise Value
Financial Advisor
August 2024
Financial Advisor
July 2024
$55,000,000
Follow-on Offering
Joint Bookrunner
July 2024
$78,900,000
PIPE
Joint Placement Agent
July 2024
$167,000,000
Initial Public Offering
Joint Bookrunner
July 2024
$230,000,000
(NASDAQ: SIMAU)
Initial Public Offering
Sole Bookrunner
July 2024
$230,000,000
(NASDAQ: LPAUU)
Initial Public Offering
Sole Bookrunner
July 2024
$50,000,000
Follow-on Offering
Joint Bookrunner
June 2024
$67,143,000
Follow-on Offering
Joint Bookrunner
June 2024
$461,000,000
Follow-on Offering
Joint Bookrunner
June 2024
$82,260,000
Follow-on Offering
Joint Bookrunner
June 2024
$250,000,000
Initial Public Offering
Joint Bookrunner
June 2024
US$100.0 Million
Initial Public Offering
Trust Units
Co-Lead Underwriter
June 2024
US$15.0 Million
Overnight Marketed Best
Efforts Private Placement
Common Shares
Sole Bookrunner
June 2024
Up to C$20.0 Million
Controlled Equity Offering
Common Shares
Sole Agent
June 2024
US$22.0 Million
Marketed Best Efforts Private Placement
Flow-Through Shares
Sole Bookrunner
June 2024
$230,000,000
(NASDAQ: GRAF/U)
Initial Public Offering
Sole Bookrunner
June 2024
$287,500,000
(NASDAQ: ALFUU)
Initial Public Offering
Sole Bookrunner
June 2024
$230,000,000
(NASDAQ: CUBWU)
Initial Public Offering
Sole Bookrunner
June 2024
$500,000,000
At The Market Offering
Sales Agent
May 2024
$200,000,000
At The Market Offering
Sales Agent
May 2024
$94,200,000
Advisor to Seller
May 2024
$158,700,000
Follow-on Offering
Joint Bookrunner
May 2024
$105,000,000
Follow-on Offering
Joint Bookrunner
May 2024
$150,000,000
At-The-Market Offering
Sole Agent
May 2024
$1,400,000,000
Convertible Senior Notes
Bookrunner
May 2024
€45,000,000
NAV Loan
Sole Placement Agent
May 2024
$150,000,000
Private Placement
Sole Placement Agent
May 2024
Exclusive Financial Advisor May 2024
$287,500,000
(NASDAQ: GPATU)
Initial Public Offering
Sole Bookrunner
May 2024
$112,500,000
PIPE
Joint Placement Agent April 2024
$100,000,000
At-the-Market Offering
Sole Agent April 2024
$264,500,000
Follow-on Offering
Joint Bookrunner
April 2024
$832,000,000
Initial Public Offering
Co-Manager
April 2024
Exclusive Financial Advisor
April 2024
$150,000,000
Convertible Senior Notes
Sole Bookrunner
April 2024
Financial Advisor
April 2024
$1,441,000,000
Enterprise Value
SPAC IPO Underwriter
April 2024
$568,200,000
Enterprise Value
SPAC IPO Underwriter
April 2024
$287,500,000
Follow-on Offering
Joint Bookrunner March 2024
$175,000,000
Follow-on Offering & PIPE
Joint Bookrunner March 2024
$150,000,000
Equity Offering
March 2024
$75,000,000
Equity Offering
March 2024
$50,000,000
At-the-Market Offering
Joint Agent March 2024
$604,700,000
Convertible Senior Notes
Co-Manager March 2024
Up to $150.0 Million
Controlled Equity Offering
Common Shares
Lead Left Agent
March 2024
$1,189,000,000
Enterprise Value
SPAC IPO Underwriter
March 2024
$160,121,000
Follow-on Offering
Joint Bookrunner February 2024
$341,000,000
Follow-on Offering
Joint Bookrunner February 2024
$400,208,000
PIPE
Joint Placement Agent February 2024
$460,500,000
Follow-on Offering
Joint Bookrunner February 2024
$40,000,000
Equity Offering
February 2024
$100,000,000
Equity Offering
February 2024
$300,000,000
Equity Offering
February 2024
$250,000,000
Equity Offering
February 2024
$100,000,000
Equity Offering
February 2024
$75,000,000
At-the-Market Offering
Sole Agent February 2024
$12.1 CAD Million
Overnight Marketed Best Efforts Offering
Units
Sole Bookrunner
February 2024
Financial Advisor
February 2024
$838,000,000
Enterprise Value
SPAC IPO Underwriter
February 2024
$112,000,000
Enterprise Value
SPAC IPO Underwriter
February 2024
$1,200,000,000
Enterprise Value
SPAC IPO Underwriter
February 2024
$150,000,000
Follow-on Offering
Joint Bookrunner January 2024
$109,000,000
PIPE
Joint Lead Placement Agent January 2024
$75,000,000
Follow-on Offering
Sole Bookrunner January 2024
$437,000,000
Initial Public Offering
Joint Bookrunner
January 2024
$25,000,000
Equity Offering
January 2024
$20,000,000
Equity Offering
January 2024
Up to $1.0 Billion
Controlled Equity Offering
Trust Units
Lead Left Agent
January 2024
$241,500,000
Follow-on Offering
Lead Left Bookrunner
January 2024
$862,500,000
Follow-on Offering
Joint Bookrunner
January 2024
Undisclosed
Preferred Equity Investment and Project Capital Injection in Holu Hou Energy LLC by Irradiant Partners, LP
Sole Financial Advisor
January 2024
$111,000,000
Enterprise Value
SPAC IPO Underwriter
January 2024
$230,000,000
Follow-on Offering
Joint Bookrunner December 2023
$172,500,000
Follow-on Offering
Joint Bookrunner December 2023
$75,000,000
Equity Offering
December 2023
$170,000,000
Equity Offering
December 2023
$16.1 Million
Marketed Best Efforts Private Placement
Flow-Through Shares
Lead Left Bookrunner
December 2023
Up to $50.0 CAD Million
Controlled Equity Offering
Common Shares
Co-Lead Agent
December 2023
$230,500,000
Follow-on Offering
Joint Bookrunner November 2023
$96,800,000
Equity Offering
November 2023
$150,000,000
Equity Offering
November 2023
$59,000,000
Equity Offering
November 2023
$262,800,000
Equity Offering
November 2023
$200,000,000
Equity Offering
November 2023
$65,100,000
Equity Offering
November 2023
$75,000,000
At-the-Market Offering
Sole Agent November 2023
Up to $125.0 Million
Controlled Equity Offering
Trust Units
Lead Left Agent
November 2023
$63,250,000
Follow-on Offering
Joint Bookrunner October 2023
$55.1 Million
Bought Deal
Common Shares
Sole Bookrunner
October 2023
$258,750,000
Follow-on Offering
Joint Bookrunner September 2023
$129,000,000
Follow-on Offering & PIPE
Joint Bookrunner September 2023
$50,000,000
Equity Offering
September 2023
$50,000,000
At-the-Market Offering
Sole Agent September 2023
$425,000,000
Convertible Notes
Co-Manager September 2023
$25,000,000
Convertible Preferred Stock
Joint Placement Agent September 2023
Up to $125.0 Million
Controlled Equity Offering
Trust Units
Lead Left Agent
September 2023
$125.0 Million
Confidentially Marketed Accelerated Book Build Offering
Common Shares
Lead Left Bookrunner
September 2023
$75,000,000
Equity Offering
August 2023
$200,000,000
Equity Offering
August 2023
$75,000,000
Equity Offering
August 2023
$150,000,000
Equity Offering
August 2023
$50,000,000
Equity Offering
August 2023
$30,000,000
Equity Offering
August 2023
$150,000,000
Equity Offering
August 2023
$35,000,000
Equity Offering
August 2023
$250,000,000
At-the-Market Offering
Joint Agent August 2023
$13,800,000
At-the-Market Offering
Sole Agent August 2023
$750,000,000
At-the-Market Offering
Joint Agent August 2023
$250,000,000
At-the-Market Offering
Joint Agent August 2023
$65,000,000
Follow-On Offering
Joint Bookrunner August 2023
$100,000,000
At-the-Market Offering
Sole Agent August 2023
$20,000,000
PIPE
Sole Placement Agent August 2023
$200,000,000
At-the-Market Offering
Joint Agent August 2023
$6.9 CAD Million
Bought Deal
Units
Joint Bookrunner
August 2023
$8.0 CAD Million
Bought Deal Private Placement
Units
Sole Bookrunner
August 2023
$26.9 Million
Registered Direct Offering
Units
Financial Advisor
August 2023
$24,000,000
Equity Offering
July 2023
$150,000,000
At-the-Market Offering
Sole Agent July 2023
Up to $50.0 Million
Controlled Equity Offering
Common Shares
Co-Lead Agent
July 2023
$97,800,000
Follow-on Offering
Joint Bookrunner June 2023
$258,800,000
Follow-on Offering
Joint Bookrunner June 2023
$100,000,000
Equity Offering
June 2023
$40,000,000
Equity Offering
June 2023
$52,500,000
Follow-On Offering
Financial Advisor June 2023
$165,000,000
ABL & Senior Secured Term Loan
Sole Placement Agent June 2023
$25,000,000
Registered Direct Offering
Joint Placement Agent June 2023
Up to $25.0 Million
Controlled Equity Offering
Common Shares
Lead Left Agent
June 2023
Up to $40.0 Million
Controlled Equity Offering
Common Shares
Sole Agent
June 2023
Up to $70.0 Million
Controlled Equity Offering
Common Shares
Lead Left Agent
June 2023
$160,000,000
Synthetic Royalty + Equity
Sole Placement Agent May 2023
$185,000,000
PIPE
Joint Placement Agent May 2023
$65,000,000
PIPE
Joint Placement Agent May 2023
$50,000,000
PIPE
Lead Placement Agent May 2023
$150,000,000
Equity Offering
May 2023
$30,000,000
Equity Offering
May 2023
$80,400,000
Equity Offering
May 2023
$50,000,000
Equity Offering
May 2023
$63,900,000
Equity Offering
May 2023
$150,000,000
Equity Offering
May 2023
$40,000,000
Equity Offering
May 2023
$18,000,000
Equity Offering
May 2023
Up to $20.0 Million
Controlled Equity Offering
Common Shares
Sole Agent
May 2023
Up to $30.0 Million
Controlled Equity Offering
Common Shares
Sole Agent
May 2023
$50,000,000
Equity Offering
April 2023
$15,700,000
Equity Offering
April 2023
$150,000,000
Equity Offering
April 2023
$75,000,000
Equity Offering
April 2023
$200,000,000
At-the-Market Offering
Joint Agent April 2023
$100,000,000
Senior Secured Credit Facilities
Joint Placement Agent April 2023
Up to $250.0 Million
Controlled Equity Offering
Trust Units
Lead Left Agent
April 2023
Up to $1.0 Billion
Controlled Equity Offering
Trust Units
Lead Left Agent
April 2023
$300,000,000
Equity Offering
March 2023
$80,400,000
Equity Offering
March 2023
$100,000,000
Equity Offering
March 2023
$16,700,000
Equity Offering
March 2023
$150,000,000
Equity Offering
March 2023
$11,200,000
Equity Offering
March 2023
$230,000,000
Follow-on Offering
Joint Bookrunner February 2023
$150,000,000
Equity Offering
February 2023
$12,500,000
Equity Offering
February 2023
$70,000,000
Equity Offering
February 2023
$200,000,000
Equity Offering
February 2023
$17,000,000
Equity Offering
February 2023
$810,000,000
Acquisition Corp. Has Merged With Intuitive Machines
Advisor to Buyer February 2023
$51.0 Million
Senior Secured Convertible Notes Offering
Sole Agent
February 2023
$74.3 Million
Confidentially Marketed Accelerated Book Build Offering
Common Shares
Lead Left Bookrunner
February 2023
$120.0 Million
Sale of Alta Mesa ISR Project to Encore Energy
Financial Advisor
February 2023
Up to $1.3 Billion
Controlled Equity Offering
Trust Units
Lead Left Agent
February 2023
$34.5 CAD Million
Overnight Marketed Best Efforts Offering
Units
Co-Lead Underwriter
February 2023
$46.1 Million
Confidentially Marketed Best Efforts Offering
Units
Sole Bookrunner
February 2023
Undisclosed
Senior Secured Term Loan
Sole Placement Agent January 2023
$75,000,000
Follow-on Offering
Joint Bookrunner January 2023
$75,000,000
Equity Offering
January 2023
$10.9 CAD Million
Bought Deal
Units
Sole Bookrunner
January 2023
Up to $100.0 Million
Controlled Equity Offering
Common Shares
Lead Left Agent
January 2023
Contact
Investment Banking
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