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Silvercrest Asset Management postpones $55 million IPO

11/13/2012 4:53:00 PM
By: Renaissance Capital
Referenced Stocks:SAMG

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.