July 12, 2019 - 5:35 PM EDT
AssetMark Financial Aims For $250 Million IPO




AssetMark Financial Aims For $250 Million IPO

Quick Take

AssetMark Financial Holdings (AMK) has filed to raise gross proceeds of $250 million from a U.S. IPO, according to an S-1/A registration statement.

The firm provides wealth management and technology software solutions.

AMK’s growth prospects, solid balance sheet post-IPO, reasonable valuation, and industry tailwinds, mean a potentially interesting IPO opportunity at $20.00 per share.

Company & Technology

Concord, California-based AssetMark was founded in 1996 to provide financial advisers with wealth management and client engagement software solutions.

Management is headed by President and CEO Charles Goldman, who has been with

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Source: SeekingAlpha (July 12, 2019 - 5:35 PM EDT)