Houlihan Lokey files for IPO

Houlihan Lokey Logo Large

Houlihan Lokey, the independent merger-advisory firm, filed for an initial public offering as a surge in dealmaking increases demand for boutique banks.

Bloomberg News reports that the firm, established in 1972, plans to list shares on the New York Stock Exchange under the ticker HLI, according to a regulatory filing Friday. The company used a $100m placeholder in the document, a figure used to calculate fees that may change.

CEO Scott Beiser is seeking to go public as mergers and acquisitions are on pace to match or exceed the record in 2007. There have been about $2tril of deals announced so far this year, according to data compiled by Bloomberg. Beiser is counting on his company’s focus on giving advice to help it win business.

To access the complete Bloomberg News article hit the link below:

Houlihan Lokey Files for IPO as Boutiques Gain From Merger Boom

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