Dallas Salazar
IPOs, contrarian, long/short equity, long-term horizon

Buying Moelis Is A Bet On Its Namesake And On The Niche Market It's Trying To Capture

Who is Moelis & Company and what do they do?

Moelis & Company (NYSE:MC) provides strategic and financial advisory services in the United States and internationally. It advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, and other corporate finance matters. The company offers its services to corporations, governments, financial sponsors, middle market private companies, and individual entrepreneurs.

MC recently held an IPO on 4/16/2014 and sold 6.5 million shares at $25 a share, raising $162.5 million. That was below the 7.3 million shares it projected to sell for between $26 to $29 a share. The share price adjustment was made in an effort to accommodate the liquidity and trading of their stock after the...

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