Based on its price-to-sales multiple, Greenhill is approximately 16% undervalued using its trailing 12 months of sales.
Greenhill shares in particular are trading at 5.8x book value, while those for Evercore are trading at 2.4x.
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Earlier this month, Nasdaq hired Greenhill to advise on its 14.99% equity stake in the London Stock Exchange .
Greenhill, a New York-based firm that went public in 2004, has more than doubled revenues and profits this year.
Founded in 1996, Greenhill provides advice on mergers, acquisitions, restructurings, financings and raising capital to corporations, partnerships, institutions, and governments.
They include Roger Altman 's Evercore Partners at No. 12, ahead of Lazard at No. 15 and Greenhill at No. 24.
The website of Folklore Productions, which is run by the singer's representative, Mitch Greenhill, had been providing updates on his difficult recovery.
Three others - Robert Greenhill, 62, of Dartford, Kent, Joseph McCorry, 52, of Welling, Kent, and Daniel Cheevers, 47, of Wellingborough, Northamptonshire, were jailed last month.
At the time the move seemed smart, but at Greenhill the expense of carrying a larger staff became problematic when revenues did not surge as hoped.
The Lazard IPO comes almost exactly one year after Greenhill (nyse: GHL - news - people ) led by hall-of-fame dealmaker Robert F.
Earlier this month, Nasdaq (nasdaq: NDAQ - news - people ) hired Greenhill to advise on its 14.99% equity stake in the London Stock Exchange .
The fraudster failed to tell benefits bosses that he had recovered from a previous injury, and started working as a self-employed contractor for Barry Greenhill Joiners and Contractors in October 2004.
Lazard and Greenhill were also brought on as extra advisers in the merger of New York Stock Exchange and Archipelago Holdings , as Goldman Sachs caught heat for being an adviser to both parties.
For a while it looked like small so-called independent investment banks like Greenhill, Evercore Partners and Lazard that specialize in advisory roles would eat the lunch of big institutions like Morgan Stanley that were saddled with credit crisis issues.
Lazard and Greenhill were also brought on as extra advisers in the merger of New York Stock Exchange (nyse: NYX - news - people ) and Archipelago Holdings , as Goldman Sachs (nyse: GS - news - people ) caught heat for being an adviser to both parties.
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