Skip to main content

IPO Eyed for SG Cowen

The firm's parent, Societe Generale, expects to take it public next year.
  • Author:
  • Publish date:


Societe Generale

is planning an initial public offering for its broker-dealer unit

SG Cowen

, the New York-based firm that provides an array of investment services, including underwriting, equity research and merger advice.

Societe Generale expects to file a registration statement with the

Securities and Exchange Commission

in the first quarter and hopes to complete the IPO later in 2006.

SG Cowen was formed in 1998 when the financial-services firm Societe Generale acquired Cowen & Co. The division has made a name for itself in recent years by offering investment-banking services in sectors such as health care, technology and telecommunications.

The Wall Street Journal

reported that the IPO would probably be valued at $300 million to $500 million.