Silvercrest Asset Management Group Inc. completed its initial public offering on June 27, 2013, trading on the NASDAQ under the ticker symbol SAMG.
Founded in 2002, the New York-based wealth management firm focuses on ultra-high-net-worth individuals, families, and institutional investors.
IPO and Offering Details
- Date: June 27, 2013 (effective June 26, 2013)
- Exchange / Ticker: NASDAQ: SAMG
- Shares Offered: ~4.8 million shares
- Price Range: $12 to $14 per share
- Capital Raised: ~$62 million
- Lead Underwriters: Sandler O’Neill + Partners and Raymond James
Initial Delay: Silvercrest initially filed for a $55 million IPO in September 2012, but formally withdrew it in November 2012 citing unfavorable market valuations.
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