Investment Bank Moelis Files for $100M IPO

Investment bank Moelis on Tuesday filed for an initial public offering worth up to $100 million.

The New York company did not say how many shares it plans to sell or disclose a proposed date for its IPO. Moelis & Co. intends to list its shares on the New York Stock Exchange, under the ticker symbol “MC.”

Since its founding in 2007, Moelis has advised on more than $1 trillion in transactions, according to its disclosure with the Securities and Exchange Commission. Moelis said the largest of those deals include the sale of brewer Anheuser-Busch to InBev SA, the Chapter 11 bankruptcy reorganization of American Airlines and its merger with US Airways, the sale of foodmaker H.J. Heinz to Berkshire Hathaway Inc. and 3G Capital, and the sale of hotel operator Hilton to The Blackstone Group.

Moelis’s profit nearly doubled in 2013. The company earned net income of $70.2 million on revenue of $411.4 million, up 7 percent from the prior year.

Anheuser-Busch and InBev are now Anheuser-Busch InBev SA, and US Airways and American Airlines became American Airlines Group Inc. in December. Hilton Worldwide Holdings Inc. is once again a public company, after having conducted an IPO in December.