Gerson Lehrman Group, an online insight network offering research and consulting services, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
Gerson Lehrman Group (GLG) states that it pioneered the Insight Network category, or businesses that connect companies with expert resources or subject-matter experts, such as academics, C-level, and other experienced executives to provide valuable information, data, or assistance through a range of offerings such as calls with an expert and surveys. GLG has a network of over 2,700 Clients and approximately 1,000,000 profiled subject-matter experts, or Network Members.
The New York, NY-based company was founded in 1998 and booked $628 million in revenue for the 12 months ended June 30, 2021. It plans to list on the Nasdaq under the symbol GLGX. Gerson Lehrman Group filed confidentially on August 11, 2021. Morgan Stanley, Goldman Sachs, BofA Securities, Barclays, Jefferies, Baird, and William Blair are the joint bookrunners on the deal. No pricing terms were disclosed.
