AssetMark IPO seen as boon for financial services

Jul 18, 2019 · The IPO share price of $22, which raised $275 million, was above the stated target range of $19 to $21 per share and valued the 23-year-old TAMP at more than $1.6 billion.

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AssetMark IPO Seen As Boon For Financial Services

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Jul 18, 2019 · The IPO share price of $22, which raised $275 million, was above the stated target range of $19 to $21 per share and valued the 23-year-old TAMP at more than $1.6 billion.

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AssetMark Completes IPO On NYSE | Financial Planning

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Jul 18, 2019 · In August, AssetMark hit $50 billion in assets by agreeing to buy Global Financial Private Capital, an RIA with $5.7 billion in assets and around 200 advisors.AssetMark has …

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Seven Takeaways From AssetMark's IPO Filing - Wealth …

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AssetMark, and its revenue, are growing. AssetMark charges advisors a recurring fee for the … AssetMark’s owner is also underwriting the IPO. AssetMark was acquired by Chinese … AssetMark’s plan for the IPO capital raised. AssetMark plans to use approximately $125 … AssetMark has invested over $150 million in technology. Since the start of 2015, AssetMark … AssetMark grows the firms it acquires. AssetMark describes itself as a “disciplined acquirer” … See full list on wealthmanagement.com

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As AssetMark Files For IPO, Experts Value TAMP At More Than $1.2 ...

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Jun 26, 2019 · AssetMark could be the next financial services firm to jump into the public equity markets, according to its filing with the Securities and Exchange Commission earlier this week. …

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One Year Since AssetMark's IPO: A Look At The TAMP's Growth

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Jul 17, 2020 · Since the IPO, the Concord, California-based turnkey asset management platform has a market capitalization of $2 billion, boasts $63.2 billion client assets under management, …

investmentnews.com

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AssetMark Financial Grows But Investors Need More Visibility

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May 7, 2020 · AssetMark Financial went public in July 2019, raising $275 million in gross proceeds. ... as can be seen in the graphic below: ... Since its IPO, AssetMark’s stock price …

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AssetMark To Acquire $12B In Assets From Morningstar Wealth

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Jun 20, 2024 · Wealth management platform provider AssetMark is acquiring some $12 billion in assets from the Morningstar Wealth turnkey asset management platform, the two firms said …

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Assetmark Review 2024 - Investor.com

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Oct 16, 2024 · Assetmark, registered in 1999, serves 53 state(s) with a licensed staff of 187 advisors. Assetmark manages $65.6 billion and provides investment advisory services for …

investor.com

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Why AssetMark Financial Stock Was Up Big Today

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Feb 23, 2023 · AssetMark Financial Holdings was up big on Thursday, up about 12.4% as of 12:40 p.m. ET. It had been up as much as 14.8% during the morning session. It had been up …

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AssetMark To Acquire $12B In Assets From Morningstar Wealth …

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As part of a new strategic alliance, AssetMark Financial's (NYSE:AMK) wealth management platform will acquire ~$12B in assets from Morningstar (NASDAQ:MORN) Wealth's Turnkey …

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FAQs about AssetMark IPO seen as boon for financial services Coupon?

Is Assetmark planning to IPO?

Assetmark is planning to raise up to $100 million under the ticker “AMK” on the New York Stock Exchange. The amount of money raised is a placeholder, and it is expected to raise much more. WealthManagement.com took a close look at AssetMark’s IPO filing and here's what we know so far … ...

How much will Assetmark use IPO proceeds to repay a loan?

Assetmark plans to use approximately $125 million of the net proceeds from the IPO to repay a portion of its $249.4 million term loan. The loan has a variable rate—initially LIBOR plus a margin of 3.5% or the alternate base rate—in addition to a margin of 2.5%. ...

How did Assetmark perform in 2018?

In 2018, AssetMark reported revenue of $363.6 million, including $338 million in asset-based revenue and $20.4 million in spread-based revenue. The company achieved a 45% rate from March 2017 to March 2019. ...

Who currently owns Assetmark?

AssetMark was acquired by Huatai Securities in 2016 for about $768 million. Huatai Securities currently owns Assetmark. The other underwriters planning to price and sell shares in the IPO are J.P. Morgan, Goldman Sachs, Credit Suisse, BMO Capital Markets, Raymond James and William Blair. ...

How much money does Assetmark have?

AssetMark, which is also a registered investment advisor, had close to $117 billion of platform assets as of March 31. In April, the firm struck a deal to be bought by the private equity firm GTCR for $2.7 billion. ...

Is Assetmark going public?

AssetMark is considering going public — but questions remain about the nature of the offering and the firm’s true valuation. Fellow turnkey asset management providers Envestnet and SEI Advisor Network are already public. ...