Houlihan Lokey (HLI) Files for $100M IPO

Houlihan Lokey (NYSE: HLI) filed a registration with the U.S. SEC for an IPO of its Common Stock. The proposed maximum offering price is $100 million. The company plans to list on the NYSE under the ticker, HLI.

The offering is being made via BofA Merrill Lynch, Goldman, Sachs & Co., UBS Investment Bank,Keefe, Bruyette & Woods, Houlihan Lokey, Sandler O'Neill + Partners, L.P., and JMP Securities.

Financial commentary: Due to our diversified business mix, our Corporate Finance and Financial Restructuring practices have historically acted as natural balances to each other, helping us grow our revenues and profitability throughout economic cycles. Our institutional flexibility and product mix provide our bankers with opportunities to advise their clients in almost any market conditions, thereby reducing our historical need to make significant downward adjustments to our employee base in challenging market conditions. From fiscal 2000 to fiscal 2015, our revenues grew from $144.1 million to $680.9 million, and our net income during the same period grew from $15.6 million to $79.9 million.

Houlihan Lokey is a leading global independent investment bank with expertise in mergers and acquisitions ("M&A"), financings, financial restructurings and financial advisory services.

*** Notably, the company was reported to file a confidential IPO last month.

You May Also Be Interested In

• Alliance Laundry principal stockholder prices 22.55M share offering
• Amylyx Pharmaceuticals launches $350M common stock offering
• Allied Gold appoints Joanna Pearson to its board of directors