Close

Houlihan Lokey (HLI) IPO Opens 8% Higher

August 13, 2015 10:05 AM EDT

Today's IPO for Houlihan Lokey (NYSE: HLI) opened for trading at $22.75 after pricing 10.5 million shares at $21, below the expected $22-$24 range. The offering size was lowered from 13,059,139 shares.

BofA Merrill Lynch and Goldman, Sachs & Co. are lead joint book-running managers for the offering. Additional book-running managers are UBS Investment Bank, Keefe, Bruyette & Woods and Houlihan Lokey. Co-managers are Sandler O’Neill + Partners, L.P. and JMP Securities.

Houlihan Lokey is an international investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, valuation, and strategic consulting. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of our commitment to client success across our advisory services. Houlihan Lokey is ranked as the No. 1 M&A advisor for U.S. transactions under $5 billion, the No. 1 global restructuring advisor, and the No. 1 M&A fairness opinion advisor for U.S. transactions over the past 10 years, according to Thomson Reuters.

From fiscal 2000 to fiscal 2015, revenues grew from $144.1 million to $680.9 million, and net income during the same period grew from $15.6 million to $79.9 million.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Hot IPOs, IPOs

Related Entities

Keefe, Bruyette & Woods, UBS, JMP Securities, IPO