By Don Dion:
Ares Management LP (ARES), a global alternative asset management firm, with principal offices in Los Angeles, California, plans to raise $400.3 million in its upcoming IPO.
ARES will offer 18.2 million shares at an expected price range of $21-$23 per share, including 38% insider shares. If the IPO can reach the midpoint of that range at $22 per share, ARES will command a market value of $5.25 billion.
ARES filed on March 31, 2014.
Lead Underwriters: BofA Merrill Lynch, J.P. Morgan Securities LLC
Underwriters: Barclays Capital Inc, BMO Capital Markets Corp, BNY Mellon Capital Markets LLC, Citigroup Global Markets Inc, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc, Goldman Sachs & Co, Houlihan Lokey Capital Inc, Imperial Capital LLC, JMP Securities LLC, Keefe Bruyette & Woods Inc, Mitsubishi UFJ Securities Inc, Morgan Stanley & Co LLC, RBC Capital Markets LLC, SMBC Nikko Securities America Inc, SunTrust Robinson Humphrey Inc,
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