Liquid Holdings Group (LIQD) Files $49.2M IPO
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Liquid Holdings Group, Inc. (Nasdaq: LIQD) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $49,162,500. Liquid Holdings plans to list its common stock on the NASDAQ Global Market under the symbol “LIQD.”
The offering is being made via Sandler O'Neill + Partners, L.P.
Brief financial summary from the company's initial S-1 filing: For the period from April 24, 2012 through December 31, 2012, our total revenues were $2.3 million (of which $1.3 million related to the over-the-counter brokerage operations of certain of our subsidiaries which we plan to cease on June 1, 2013 and only $1.0 million related to software licensing, which included revenue of $365,606 related to messaging services which we terminated on December 31, 2012). All of our software to date has been delivered as SaaS. We recorded a net loss of $38.2 million, or $41.4 million on a pro forma basis, and negative cash flows from operations of $6.4 million for the period from April 24, 2012 through December 31, 2012.
Liquid Holdings Group has developed and provides proprietary next generation software technology that seamlessly integrates trading, real-time risk management, accounting, reporting and administration tools in a single platform for the financial services community.
The offering is being made via Sandler O'Neill + Partners, L.P.
Brief financial summary from the company's initial S-1 filing: For the period from April 24, 2012 through December 31, 2012, our total revenues were $2.3 million (of which $1.3 million related to the over-the-counter brokerage operations of certain of our subsidiaries which we plan to cease on June 1, 2013 and only $1.0 million related to software licensing, which included revenue of $365,606 related to messaging services which we terminated on December 31, 2012). All of our software to date has been delivered as SaaS. We recorded a net loss of $38.2 million, or $41.4 million on a pro forma basis, and negative cash flows from operations of $6.4 million for the period from April 24, 2012 through December 31, 2012.
Liquid Holdings Group has developed and provides proprietary next generation software technology that seamlessly integrates trading, real-time risk management, accounting, reporting and administration tools in a single platform for the financial services community.
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