Houlihan Lokey IPO: Everything You Need to Know

Houlihan Lokey IPO
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Houlihan Lokey (NYSE:HLI) will launch its initial public offering (IPO) on Thursday August 13th. Here’s what investors need to know about the upcoming Houlihan Lokey IPO. (Source: The Securities and Exchange Commission, August 7, 2015.)

Who is Houlihan Lokey?

Houlihan Lokey is an independent global investment bank with expertise in mergers and acquisitions, financings, financial restructurings, and financial advisory services. The company was founded in 1972 and now has offices in the U.S., Europe, Asia and Australia. In the past several years, Houlihan Lokey served approximately 800 clients annually. Its clients range from closely-held companies to Fortune Global 500 corporations.

Houlihan Lokey operates in three segments: corporate finance, financial restructuring, and financial advisory services. Most of the company’s revenue is generated from providing advisory services on transactions.

What is Houlihan Lokey’s Revenue?

Houlihan Lokey had solid revenue growth in the past several years. Its total fee revenue went from $520.2 million in fiscal 2013 to $592.5 million in fiscal 2014, and to $680.9 million in fiscal 2015. Net income increased as well; from $58.9 million in fiscal 2013 to $61.4 million in fiscal 2014, and to $79.9 million in fiscal 2015.

What is Houlihan Lokey’s IPO Price?

Houlihan Lokey expects its shares to be priced between $22.00 and $24.00 apiece.

What is Houlihan Lokey’s Stock Symbol?

Houlihan Lokey plans to list its shares on the New York Stock Exchange (NYSE) under the ticker symbol “HLI.”

How Much Money Will Houlihan Lokey’s IPO Raise?

Houlihan Lokey plans to issue 13.06 million shares. At share prices between $22.00 and $24.00 a share, the IPO would raise $300.4 million at midpoint.

How Will Houlihan Lokey Use the Money?

All shares issued in Houlihan Lokey’s IPO are sold by selling stockholders, ORIX USA, certain employees, and members of the company’s management. The company will not receive any proceeds from the IPO.

What is Houlihan Lokey’s IPO Date?

Houlihan Lokey is expected to go public on Thursday August 13, 2015.