June 2, 2025 The Best Source of News, Culture, Lifestyle for Culver City, Mar Vista, Del Rey, Palms and West Los Angeles

Moelis and Co. Announces IPO Pricing

IPO
Moelis & Co. is now on Wall Street and the New York Stock Exchange. (Thinkstock)

Americans commonly know April 15 as Tax Day. For those living in metropolitan Los Angeles, April 15, 2014 had extra special meaning because it was also the day of the Blood Moon and total lunar eclipse. Yet for an even smaller group of individuals, April 15 was significant because it was the day Moelis and Co., an investment bank firm in Century City, announced its pricing for its Initial Public Offering (IPO).

According to a statement released by Moelis and Co. on April 15, the firm priced its 6.5 million shares of Class A common stock at $25.00 per share. Underwriters were granted a 30-day option to purchase up to 975,000 additional Class A common stock shares at the $25.00 per share price (less commissions and underwriting discounts), the firm also announced.

With the announcement, Moelis & Co. officially began trading on the New York Stock Exchange (NYSE) on April 16 under the ticker symbol “MC.”

Moelis & Co. stated the offering, which was made available only by means of prospectus, should close on April 22, “subject to satisfaction of customary closing conditions.”

The New York Times reported both the total number of share made available and the price per share were less than what was expected, with firm chief executive hoping the lower price ($25 per share instead of $26 per share) and smaller offering (6.5 million instead of 7.3 million shares) would make Moelis & Co. a more enticing investment.

According to news reports, Moelis & Co. shares closed at $26.15 per share, or 4.6 percent more than the IPO opening price.

The offering helped Moelis & Co. raise $163 million. It was also reported Moelis owns 97 percent of the firm’s votes.

Bloomberg reported filings showed 80 percent of the proceeds raised from the IPO would be used to make one-time payments to Moelis and his partners. The remaining 20 percent would be reinvested back into the firm, Bloomberg reported.

Goldman Sachs Group, Inc., and Morgan Stanley reportedly managed the offering.

Moelis founded his namesake firm in 2007. Among those he has advised include Ken Icahn and Donald Trump.

The firm was involved in several major transactions this year, including the pending sale of structured retail investor products and equity derivatives business from the Royal Bank of Scotland to BNP Paribas for £15 billion (about $25.2 billion)

Moelis & Co. was also involved with the reported $29.6 billion Chapter 11 bankruptcy reorganization of American Airlines and its merger with U.S. Airways in December 2013.

In March, Moelis & Co. expanded into Brazil, as the firm announced the opening of an office in Sao Paulo.

With about 500 employees in 15 offices worldwide, Moelis & Co. specializes in mergers and acquisitions, recapitalizations and restructurings, and other corporate finance issues. It also offers financial advisory services to its clients, which include corporations, governments, and financial sponsors.

The Los Angeles office of Moelis & Co. is located at 1999 Avenue of the Stars, Suite 1900, in Century City.

Other offices are located in Beijing (China), Boston, Chicago, Dubai (United Arab Emirates), Frankfurt (Germany), Hong Kong (China), Houston, London (England), Mumbai (India), Palo Alto, Paris (France), and Sydney (Australia).

Related Posts

Alpine Floor & Home: A Legacy of Quality Since 1968

June 2, 2025

June 2, 2025

Founded in 1968 with a single location, Alpine Floor & Home began as a humble family business with a clear...

Chin Chin to Close West Hollywood Location After 45 Years of Service

June 2, 2025

June 2, 2025

Iconic Sunset Plaza Restaurant Announces Final Day of Operations Chin Chin, the iconic Chinese eatery that has been a fixture...

LACMA’s $700M David Geffen Galleries to Open in 2026

June 2, 2025

June 2, 2025

New Structure Will Replace Original Midcentury Buildings Construction crews are entering the final stretch on the David Geffen Galleries, a...

Criterion Mobile Closet Arrives in L.A. for Two-Day Stop at Santa Monica’s Aero Theatre

June 2, 2025

June 2, 2025

More Than 1,000 Classic Titles June 6–7 During American Cinematheque’s Bleak Week  Following its successful appearances at SXSW and Vidiots...

Lane Closures Return to PCH in Malibu for Fire Recovery and Emergency Repairs

June 1, 2025

June 1, 2025

Traffic Will Be Impacted as Caltrans and the USACE Conduct Cleanup  The California Department of Transportation (Caltrans) has announced updated...

Police Non-Emergency Line Temporarily Down Due to Service Outage in Culver City

June 1, 2025

June 1, 2025

Emergency 9-1-1 Services Remain Active; Alternate Numbers are Available  The Culver City Police Department has announced a temporary outage affecting...

Culver City to Frame Iconic Tree with Landmark Sculpture by Charles Gaines

June 1, 2025

June 1, 2025

Acclaimed Conceptual Artist’s Public Artwork Enters Final Phase Culver City is moving forward with the final phase of an ambitious...

Defensible Space, Defined: How A Plus Tree Protects Communities from Wildfire

May 30, 2025

May 30, 2025

In the wildfire-prone landscapes of the Western United States, safeguarding homes and communities requires proactive measures. A Plus Tree, a...

WeHo Pride Weekend Begins and 2025 Icons Announced: Parades, Concerts, and Community Celebration Kicks Off

May 30, 2025

May 30, 2025

Three-Day LGBTQ+ Festival Features Performances by Lizzo, Maren Morris, and Kim Petras West Hollywood is preparing to kick off its...

Palisades Village to Reopen in 2026 with Revamped Retail, Dining, and Community Spaces

May 29, 2025

May 29, 2025

Elysewalker Set to Return With Park Reconstruction, Holiday Events, and Streetscape Upgrades Palisades Village, the open-air shopping and lifestyle destination...

Bel Air Seventh Grader Reaches Finals of Scripps National Spelling Bee

May 29, 2025

May 29, 2025

Oliver Halkett of Mirman School Competed on Thursday for a $50,000 prize Thirteen-year-old Oliver Halkett, a seventh grader from Mirman...

(Video) Signs That Your Aging Loved Ones Are in Need of Caregiving

May 29, 2025

May 29, 2025

To Find Out More, Go To Safelyhomeagain.com To Find Out More, Go To https://t.co/ZCPyKHj5aq pic.twitter.com/cDTEPjfA6s — Westside Today (@WestsideLAToday) May...

Two Men Charged in Culver City Kidnapping and Robbery After Victim Forced to Withdraw Cash

May 29, 2025

May 29, 2025

Suspects Allegedly Abducted Man at Gunpoint, Drove Him to Multiple Banks  Two men have been arrested and formally charged in...

Salt & Straw Unveils Summer Pie Series with Five Seasonal Ice Cream Flavors

May 29, 2025

May 29, 2025

Five New Flavors Inspired by Classic Summer Pies Will Be Introduced Salt & Straw is giving summer a scoopable twist...

(Video) Interviews with Rick Caruso and Elyse Walker, with a Dennis Quaid cameo

May 28, 2025

May 28, 2025

We spoke at the Press Conference to announce plans to reopen Palisades Village Shopping Mall. Actor Dennis Quaid arrives to...