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Highlights
- Gerson Lehrman Group has a network of around 1 million experts.
- Gerson Lehrman Group plans to offer its common shares on the Nasdaq Global Select Market.
- Headquartered in New York, Gerson Lehrman Group (GLG) claims to provide insightful information for a great professional decision.
Gerson Lehrman Group, Inc., a financial and global information services firm, has opted for a public debut in the US and has listed the size of the common shares offering as US$ 100 million. However, this amount will likely change as the company has not revealed the price range of the shares.
Headquartered in New York, Gerson Lehrman Group (GLG) claims to provide insightful information for a great professional decision. GLG enables its clients to connect with a global team with powerful insight across several fields, according to the company website.
GLG has a network of around 1 million experts, and the company says that it recruits hundreds of new experts every day. The New York-based company's business model connects professionals to investors looking to understand a subject matter.
As per the Form S-1 filed with the US Securities and Exchange Commission (SEC), GLG was established in 1998 and pioneered the category of Insight Network. Over the years, the company's network grew to 2,700 clients, including blue-chip companies, leading investment firms and professional services organizations.
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GLG claimed to be the leader in the Insight Network category and said that its 2020 revenues were more than 2.3 times larger than its nearest competitor, AlphaSights. The company has more than 2,300 employees across 12 countries as of June 30, 2021.
Gerson Lehrman Group IPO: Key Details
GLG plans to offer its common shares on the Nasdaq Global Select Market, and it has applied for 'GLGX' as its stock symbol. The company has opted for an initial public offering as it hopes to use the gross proceeds to repay debts.
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The leading underwriters for the IPO would be Morgan Stanley and Goldman Sachs & Co. LLC. As GLG has not set terms for the IPO, interested investors will likely have to wait until the SEC's final registration statement is submitted and approved.
Before the IPO, almost all the companies give an option to the retail investors to buy the pre-IPO stock through stockbrokers or brokerage companies. Potential investors could track the latest developments on the SEC website to stay updated.
Bottom line
Investors often prefer buying the shares of a company before it becomes a publicly-traded company on a stock exchange. However, the pre-IPO stock has the potential of providing higher returns when the shares start trading.
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If a company gets investors' attention before the IPO, the chances are high that the shares will start trading higher than the pre-IPO price. However, sometimes the shares also begin trading at a lower price in comparison.
