Victory Capital prices IPO at $13, well below the range

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Victory Capital Holdings, a multi-boutique asset management firm with $62 billion in AUM, raised $152 million by offering 11.7 million shares at $13, well below the range of $17 to $19. Victory Capital Holdings plans to list on the Nasdaq under the symbol VCTR. J.P. Morgan, BofA Merrill Lynch, Morgan Stanley, Barclays, Goldman Sachs and RBC Capital Markets acted as lead managers on the deal.

The article Victory Capital prices IPO at $13, well below the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

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

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