Founded in 1969, Piper Jaffray & Co. (NYSE: PJC) is an international, middle-market investment bank and institutional securities firm headquartered in Minneapolis, Minnesota. The firm's products and services include equity and public finance underwriting, mergers and acquisitions, equity and debt capital markets, high-yield and structured products, institutional equity, tax-exempt and taxable sales and trading and equity and high-yield research. Their clients include corporations, private equity groups, public entities, nonprofit entities and institutional investors. PJC's Equity Sales & Trading division provides institutional sales, trading and research services for various equity and fixed income products. Their research includes fundamental and technical analysis. PJC's equity business focuses on the business & financial services, clean tech industrials, consumer, healthcare and technology sectors. Through their traditional and electronic trading platforms, PJC offers clients a broad array of taxable and tax-exempt fixed income products including government and agency securities, CDs, commercial paper, convertible bonds, corporate bonds, loans, money-market securities, MBS & ABS, municipal bonds, preferred stock, repurchase agreements and variable-, auction- and fixed-rated securities.