Silvercrest Asset Management postpones $55 million IPO

By Renaissance Capital,

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Silvercrest Asset Management Group, an ultra high net worth individuals-focused investment company with $11 billion in AUM, postponed its IPO on Tuesday, citing poor market conditions. The New York, NY-based company was founded in 2002 and booked $47 million in sales for the 12 months ended 6/30/2012. Sandler O'Neill and Raymond James were set to be the joint bookrunners on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: SAMG

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