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Houlihan Lokey announces pricing of common stock offering

Houlihan Lokey Inc. announced the pricing of an underwritten public offering of 4 million shares of its class A common stock at a public offering price of $47.25 per share.

The offering consists of 2 million shares offered by the company and 2 million shares offered by certain of its selling stockholders, who are its current and former employees and members of management.

Based on the per-share price of $47.25, S&P Global Market Intelligence calculates a gross offering size of $189.0 million.

Houlihan Lokey plans to use the net proceeds of the offering, after deducting estimated underwriting discounts and commissions but before estimated offering expenses, to acquire a number of shares of its outstanding class B common stock equal to the number of shares of class A common stock sold by the company in the offering from an affiliate of ORIX USA Corp. at the offering price, after deducting underwriting discounts and commissions.

Houlihan Lokey will not receive any of the proceeds from the sale of the shares by the selling stockholders.

Morgan Stanley is acting as the sole underwriter for the offering.