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Liquid Holdings to raise $40 million through public offering of shares
JMP Securities, Craig-Hallum Capital, Sandler O'Neill assist with sale
By Devika Patel
Knoxville, Tenn., May 13 - Liquid Holdings Group, Inc. will sell $40 million of its common shares in a public offering with a 30-day greenshoe of $6 million additional shares, according to a Form S-1/A filed Tuesday with the Securities and Exchange Commission. The deal was announced April 9.
JMP Securities is the bookrunning manager, and Craig-Hallum Capital Group and Sandler O'Neill + Partners, LP are co-managers.
Proceeds will be used for investments in technology and sales and marketing, working capital and general corporate purposes.
The New York company has developed and provides proprietary next generation software technology that seamlessly integrates trading, real-time risk management, accounting, reporting and administration tools in a single platform for the financial services community.
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