Which firms acted as joint bookrunners for Piedmont Lithium’s stock offering?

The correct answer is B, J.P. Morgan and Evercore. In the context of equity capital markets, joint bookrunners are typically investment banks that take significant roles in underwriting and marketing a stock offering, working together to manage the offering process. This includes conducting roadshows, pricing the offering, and allocating shares to investors.

J.P. Morgan and Evercore have a strong reputation and relevant expertise in the sector, which makes them well-suited to handle significant transactions like Piedmont Lithium’s stock offering. Their experience and market presence likely contributed to their selection as joint bookrunners for this deal.

By contrast, while the other firms listed may also possess significant capabilities in equity capital markets, they were not involved in this specific offering. The involvement of specific firms in an engagement typically depends on factors such as their existing relationships with the company, their expertise in that particular industry, and their perceived ability to successfully execute the offering.