Moelis & Company, a global independent investment bank and financial advisor, announced terms for its IPO on Friday. The New York, NY-based company plans to raise $201 million by offering 7.3 million shares at a price range of $26 to $29. At the midpoint of the proposed range, Moelis & Company would command a fully diluted market value of $1.5 billion.
Moelis & Company, which was founded in 2007 and booked $411 million in sales for the fiscal year ended December 31, 2013, plans to list on the NYSE under the symbol MC. It initially filed confidentially on January 17, 2014. Goldman Sachs, Morgan Stanley, Moelis & Company, J.P. Morgan and UBS Investment Bank are the joint bookrunners on the deal.
