Independent investment firm Moelis & co's managing directors scored an early 2017 payday after the firm took advantage of a 40% postelection stock surge to raise US$163.75m in equity to cash out some of their holdings. The deal, Moelis' second follow-on since it went public in April 2014, was not dilutive, widened the stock's free float to 27% and came with better than expected fourth-quarter revenue guidance as well as a dividend increase.
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