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Houlihan Lokey IPO priced at $21/shr, below range - underwriter
August 12, 2015 / 10:20 PM / 2 years ago

Houlihan Lokey IPO priced at $21/shr, below range - underwriter

Aug 12 (Reuters) - Houlihan Lokey Inc’s initial public offering was priced at $21 per Class A share, below the IPO range of $22-$24, according to an underwriter.

The IPO raised $220.5 million for the company’s shareholders and valued the boutique advisory firm at about $1.37 billion.

The company also cut the size of its offering to 10.5 million shares from 13.1 million, the underwriter said.

Reporting by Neha Dimri in Bengaluru

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