DJ AssetMark Discloses IPO Plans
By Josh Beckerman
AssetMark Financial Holdings Inc., which operates a platform for financial advisers, disclosed its plans for an initial public offering.
As of March 31, the Concord, Calif., company's platform assets were $50 billion.
AssetMark, owned by Huatai Securities Co. (601688.SH), said in April that it filed confidentially for an IPO.
Last year, AssetMark's net revenue was $245.2 million, up from $196.1 million in 2017.
The company applied to trade on the NYSE under symbol AMK. The filing lists an amount of $100 million but that is a placeholder figure likely to change.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
June 24, 2019 19:12 ET (23:12 GMT)
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