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Oct. 21, 2021, 8:49 a.m. EDT

P10 to go public after IPO prices below the expected range, valuing company at $1.4 billion

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By Tomi Kilgore

P10 Inc. /zigman2/quotes/208000542/composite PX +0.93% is all set to go public Thursday, as the Texas-based alternative asset management company's initial public offering priced overnight at $12 a share, below the expected range of between $14 and $16 a share. The company sold 11.5 million Class A shares in the IPO to raise $138.0 million, while selling shareholders 8.5 million shares to raise $102.0 million. With a total of 117.16 million Class A and Class B shares outstanding expected after the IPO, the pricing values the company at about $1.41 billion. The stock is expected to start trading on the NYSE some time after the open under the ticker symbol "PX." The company is going public at a time that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +0.49% has rallied 7.8% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.96% has gained 4.1%.

/zigman2/quotes/208000542/composite
US : U.S.: NYSE
$ 14.15
+0.13 +0.93%
Volume: 121,503
Dec. 2, 2021 11:44a
P/E Ratio
30.80
Dividend Yield
N/A
Market Cap
$322.46 million
Rev. per Employee
N/A
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 59.04
+0.29 +0.49%
Volume: 37,547
Dec. 2, 2021 11:43a
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/zigman2/quotes/210599714/realtime
US : S&P US
4,556.47
+43.43 +0.96%
Volume: 1.07B
Dec. 2, 2021 11:45a
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