Asset Management IPOs » By The Online Investor Staff, updated Sat., Apr. 27, 1:46 AMRecent initial public offerings in the Asset Management IPOs category.
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Slide #1. Houlihan Lokey, Inc. — Initial Public Offering
Company:
Houlihan Lokey, Inc.
Proposed Symbol:
HLI
Shares Offered:
10,500,000
Price Per Share:
$21.00
Over-Allotment:
1,575,000
Description:
Houlihan Lokey, Inc. (the "Company" or "HLI"), the international investment bank, today announced the pricing of its initial public offering of 10,500,000 shares of its Class A common stock at a public offering price of $21.00 per share. The shares are expected to begin trading on Thursday, August 13, 2015 on the New York Stock Exchange under the ticker symbol "HLI." All of the shares are being offered by an affiliate of ORIX USA Corporation and certain of the Company's employees and members of management. The affiliate of ORIX USA Corporation has also granted the underwriters a 30-day option to purchase up to an additional 1,575,000 shares of Class A common stock. Houlihan Lokey will not receive any proceeds from the offering, including from any exercise by the underwriters of their option to purchase additional shares.
