Silvercrest Renews IPO Bid

April 19, 2013

On April 19, 2013, renaissancecapital.com reported that Silvercrest Asset Management filed a registration statement for a $60 million IPO, after withdrawing its previously announced IPO attempt in November 2012.

On April 19, 2013, renaissancecapital.com reported that Silvercrest Asset Management had filed a registration statement with the SEC to raise up to $60 million in an initial public offering.  The announcement comes just five months after Silvercrest abandoned its previously announced $55 million IPO attempt, which we reported on in our 10/9/12 post.  Silvercrest, which was advised by Sandler O’Neill, is a New York-based ultra high net worth investment company with approximately $11 billion in assets under management.  Silvercrest plans to list on the NASDAQ under the ticker symbol “SAMG”.  Pricing terms for the offering were not disclosed.

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Investment Manager Financings