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Medley Management prices IPO below the range at $18

September 23, 2014

Medley Management, a credit-focused asset manager with $3.3 billion of AUM, raised $108 million by offering 6 million shares at $18, below the range of $20 to $22. Medley Management plans to list on the NYSE under the symbol MDLY. Medley Management initially filed confidentially on 6/23/2014. Goldman Sachs, Credit Suisse, Barclays, Deutsche Bank and Keefe Bruyette Woods acted as lead managers on the deal.