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Stock impact report

Boutique investment bank files for IPO ahead of expected PE deal surge [Yahoo! Finance]

Houlihan Lokey, Inc. Class A (HLI) 
Last houlihan lokey, inc. class a earnings: 2/3 04:15 pm Check Earnings Report
US:NYSE Investor Relations: hl.com/us/pressreleases.aspx
Company Research Source: Yahoo! Finance
The Chicago-headquartered bank, which filed for a New York IPO on Friday, generated $214.1 million in net income in 2025, a 31% increase from $163.3 million in 2024, driven by a revival in the bank's sell-side M&A advisory business. This financial performance is mirrored by several listed boutiques, suggesting the IPO window may indeed be open for boutique investment banks for the first time in at least five years. 2025 was a record-setting year for global M&A activity, with both deal value and volume shattering the previous highs set in 2021. PitchBook data tracked 50,810 transactions last year—the first time deal count has ever surpassed 50,000; and combined deal value hit nearly $5 trillion, up 37% from the prior year. In its filing, Lincoln contends that the growth of private capital will create a “larger and more durable M&A fee pool,” particularly for sponsor-led deals. Global M&A advisory fees have more than doubled since 2000, reaching $27.6 billion in 2025, while indep Show less Read more
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