Duff & Phelps Corporation, has filed to come public in an IPO under the “DUF” ticker on the NYSE. The underwriting group is rather large with Goldman Sachs and UBS as lead underwriters and the co-managers are listed as Lehman Bros., William Blair, Keefe Bruyette & Woods, and Fox-Pitt Kelton.
D&F is a financial advisory and investment banking firm founded in 1932 that frequently specializes in mergers and restructurings. It claims 690 client service specialists in 21 cities with 15 being in the US. Its two segments are Financial Advisory and Investment banking, with 77% of gross revenues from its financial advisory unit and 23% coming from investment banking.
Investors will probably snap up shares, but it is worth noting that after the offering there will be A shares and B shares outstanding. 2006 revenues were $259.268 million with net income being $10.499 million.
Jon C. Ogg
May 24, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
