LPL Restructures Debt, Will Start Paying Dividends
CFO Robert Moore says restructuring reflects strength of balance sheet and will provide ‘financial flexibility’ but doesn’t ‘signal we are now in acquisition mode.’
New Hire Roundup: Bowen Is Acting Chair at SIPC; Pologe Goes to Genworth
This week in new hires, Genworth welcomed David Pologe and David Ford joined Securities America.
LPL Kicks Off Its IPO, in Much Anticipated Move
LPL's IPO successfully passed its first test, as its shares rose 7% in trading Thursday, closing at $32.15 with 8 million shares traded.
LPL Gets a $30/Share Price for Its IPO
The underwriters for LPL Financial, the largest independent broker-dealer, late Wednesday priced its initial public offering of stock, set for Thursday, Nov. 18, at $30/share.
LPL Financial Sets IPO Date for Nov. 17, Report Says
After filing its Form S-1 last week, LPL Financial, the largest independent broker-dealer, could make its public debut next week.
LPL Financial's IPO: Behind the Numbers
LPL Investment Holdings Inc., registered with the SEC for an initial public offering (IPO), on June 4, nearly five years after the firm sold about 60% of itself to two private equity investors.
LPL Financial's Prospectus: Behind the Numbers
Unique independent brokerage model could be promising; there's some debt and questions, as for all firms, about the effect of regulatory reform.