Oaktree Capital Files For IPO
June 20, 2011 at 4:03 AM (PT)
Last month (NET NEWS 5/18), ALL ACCESS reported that OAKTREE CAPITAL, which holds the debt of TRITON DIGITAL and TOWNSQUARE MEDIA among others, was making plans for an IPO. OAKTREE has now made that official, filing with U.S. regulators to raise up to $100 million in an initial public offering of its class A units.
OAKTREE, which was formed in 1995, has hired GOLDMAN SACHS and MORGAN STANLEY to underwrite its offering.
REUTERS reports, "The company did not reveal how many shares it planned to sell or their expected price. It plans to list its Class A units on THE NEW YORK STOCK EXCHANGE under the symbol 'OAK.' The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO can be different."