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 Financial Partners plans to list on the Nasdaq under the symbol FOCS. Goldman Sachs, BofA Merrill Lynch, KKR, BMO Capital Markets, RBC Capital Markets and SunTrust Robinson Humphrey acted as lead managers on the deal.
