Companies are continuing to rush out IPOs before the mid-August lull. This past week saw 11 IPOs and one SPAC raise $3.4 billion. Nine went public with market caps over $1 billion, including Chinese e-commerce app Pinduoduo, the...read more
Consolidator of registered investment advisor (RIA) practices Focus Financial (FOCS) believes that investors want unbiased wealth management advice. Since its founding in 2004 with four RIAs, backed with $25 million from Summit Partners, it has...read more
Focus Financial Partners, which operates a national network of more than 50 independent wealth managers, raised $535 million by offering 16.2 million shares at $33, below the range of $35 to $39. At IPO, the company commands a market cap of $2.0 billion. Focus...read more
Focus Financial Partners, which operates a national network of more than 50 independent wealth managers, announced terms for its IPO on Monday. The New York, NY-based company plans to raise $600 million by offering 16.2 million shares at a price range of...read more
US IPO Weekly Recap: Growth stocks surge in 11 IPO week
Companies are continuing to rush out IPOs before the mid-August lull. This past week saw 11 IPOs and one SPAC raise $3.4 billion. Nine went public with market caps over $1 billion, including Chinese e-commerce app Pinduoduo, the...read more
Focus Financial: Will Unbiased Advice Pay Off?
Consolidator of registered investment advisor (RIA) practices Focus Financial (FOCS) believes that investors want unbiased wealth management advice. Since its founding in 2004 with four RIAs, backed with $25 million from Summit Partners, it has...read more
Focus Financial Partners prices IPO at $33, below the range
Focus Financial Partners, which operates a national network of more than 50 independent wealth managers, raised $535 million by offering 16.2 million shares at $33, below the range of $35 to $39. At IPO, the company commands a market cap of $2.0 billion. Focus...read more
Wealth manager Focus Financial Partners sets terms for $600 million IPO
Focus Financial Partners, which operates a national network of more than 50 independent wealth managers, announced terms for its IPO on Monday. The New York, NY-based company plans to raise $600 million by offering 16.2 million shares at a price range of...read more