Moelis & Co. has closed its public offering of 5 million class A common shares at $51 per share.
The proceeds of the offering will be used to repurchase the same number of class A common shares or partnership or other equity interests that are exchangeable or convertible into class A common shares from certain of the company's managing directors and former employees.
The company will not retain any proceeds from the sale of class A common shares.
Goldman Sachs & Co. LLC and UBS Investment Bank served as underwriters for the offering.
