7 Things to Know About the P10 (PX) IPO

P10 (NYSE: PX), an alternative investment company, will go public next week. Here are 7 key things to consider about the upcoming P10 IPO.

1) P10 IPO Date - P10 Towers is due to go public next Thursday, October 21. P10 will start trading under the ticker symbol “PX” on the New York Stock Exchange (NYSE). Typically, shares that make their public stock market debuts start trading between 10 AM - 2 PM ET.

2) P10 IPO Pricing - P10 expects to price its shares between $14.00 and $16.00.

3) Shares Offered - P10 is looking to sell 20,000,000 of its common stock with the company selling 11.5 million shares of its Class A common stock while early investors looking to sell 8.5 million shares. The S-1 filing shows the number of outstanding shares after IPO offering would be 97,155,596 shares.

4) P10 IPO Valuation - P10 is seeking a valuation of between $1.36 billion and $1.55 billion.

5) P10 IPO Raised Proceeds: At the midpoint of the pricing range, P10 is looking to raise $127.5 million of the total $300 million size offering. The company plans to use the raised proceeds to repay debt, expenses, settle stock options awards and to fund dividends.

6) P10 IPO Underwriters - Morgan Stanley, JPMorgan, Barclays, and UBS are the main underwriters for this IPO.

7) P10 Financials - P10 saw its Q2 revenues soar 120% on the back of the higher management fees, which increased by $18.2 million to $33.5 million. The company generates revenues primarily from management fees and advisory contracts, and other consulting arrangements and services.

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