Focus Financial IPO is on at $39 per share as KKR pushes giant share premium, with an eye on raking off an extra $532 million
The New York-based roll-up's CEO Rudy Adolf wraps up his road show fraught with perils for slapping a higher -- much higher price -- on shares
Author Brooke Southall July 16, 2018 at 8:35 PM
Jeff Spears
July 17, 2018 — 3:11 PM
The old phrase "buy on the rumor, sell on the news" comes to mind
Cat F
July 20, 2018 — 6:21 AM
<a href="https://lawyerly.com.au/mwl-founders-look-bring-derivative-suit-focus-financial/" rel="nofollow">https://lawyerly.com.au/mwl-founders-look-bring-derivative-suit-focus-financial/</a>
Link to legal action against Focus
Related Moves
With RIA valuations ticking down and successions ticking up, Focus Financial deep sixes 'drunken sailor' pause, forgoes buyback plan and adds a CEO
CEO Rudy Adolf sees a 'softening' in multiples after a couple of frothy years when CI Financial dominated headlines and big RIA deals
August 13, 2022 at 12:39 AM
Looking past Covid-19 pandemic, Louisiana RIA buys $1-million building after hitting $1 billion in AUM and hiring the town's mayor
Summit Financial Wealth Advisors was sold to Focus Financial in 2014, growing its assets by $400 million since then but keeping staffing about the same
