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AssetMark Financial prices IPO at $22, above the range

July 17, 2019
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AssetMark Financial Holdings, which provides a wealth management platform for independent financial advisers, raised $275 million by offering 12.5 million shares (50% insider) at $22, above the range of $19 to $21. AssetMark Financial Holdings plans to list on the NYSE under the symbol AMK. J.P. Morgan, Goldman Sachs, Credit Suisse and Huatai Securities acted as lead managers on the deal.