trending Market Intelligence /marketintelligence/en/news-insights/trending/-0Q8s87DDXqghUtu-e6tNA2 content esgSubNav
In This List

Houlihan Lokey commences common shares offering

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Houlihan Lokey commences common shares offering

Houlihan Lokey Inc. has commenced an underwritten public offering of 4 million class A common shares, consisting of 2 million shares to be offered by the company and 2 million shares to be sold by certain current and former employees and members of management.

Based on a March 12 closing share price of $48.38, S&P Global Market Intelligence calculates a gross offering size of about $193.5 million.

The global investment bank plans to use the net proceeds to repurchase in April a number of its outstanding class B common shares from an ORIX USA Corp. affiliate.

Houlihan Lokey will not receive any of the proceeds from the sale of class A common shares by the selling shareholders.

Morgan Stanley is the sole underwriter for the offering.