Houlihan Lokey, a leading mid-cap focused independent investment bank, raised $221 million by offering 10.5 million shares at $21, below the range of $22 to $24.
Selling shareholders floated the entire IPO. Houlihan had originally planned to raise $300 million by offering 13.1 million shares
Houlihan Lokey plans to list on the NYSE under the symbol HLI. BofA Merrill Lynch, Goldman Sachs, UBS Investment Bank, Keefe Bruyette Woods and Houlihan Lokey acted as lead managers on the deal.
