Market Overview

Houlihan Lokey Prices 10.5M Share IPO @$21.00/Share


Houlihan Lokey, Inc. today announced the pricing of its initial public
offering of 10,500,000 shares of its Class A common stock at a public
offering price of $21.00 per share. The shares are expected to begin
trading on Thursday, August 13, 2015 on the New York Stock Exchange
under the ticker symbol "HLI." All of the shares are being offered by an
affiliate of ORIX USA Corporation and certain of the Company's employees
and members of management. The affiliate of ORIX USA Corporation has
also granted the underwriters a 30-day option to purchase up to an
additional 1,575,000 shares of Class A common stock. Houlihan Lokey will
not receive any proceeds from the offering, including from any

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