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Alternative Asset Manager Hamilton Lane Primes $190M IPO

Law360, New York (February 16, 2017, 7:48 PM EST) -- Alternative asset manager Hamilton Lane Inc. launched a $190 million initial public offering Thursday, advised by Drinker Biddle & Reath LLP, following four companies that filed IPOs earlier this week, suggesting deals could pick up in March after a current pause in the market.

Bala Cynwyd, Pennsylvania-based Hamilton Lane told regulators Thursday it plans to issue 11.9 million shares priced between $15 and $17 each, raising $190 million if shares price at midpoint. Proceeds could rise to $218.5 million if underwriters buy another 1.8 million shares....
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