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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.

LPL investment holding inc

Casady stands to make $58M from LPL stock offering

Posted by RJ and Makay on Nov 04, 2010

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LPL Investment Holdings Inc. is setting Casady stands to make a maximum price of $30 per share on its initial public offering that market watchers believe will come any day now, according to a recent article posted on InvestmentNews.com. The filing was a preliminary prospectus and could be changed.

At the proposed maximum price of $30, LPL LPL Investment Holdings would have a potential market capitalization of $515 million and 107.1 million shares will be outstanding after the sale.