Liquid Holdings Group aims to conduct initial public offering of stock

Proceeds for investments in the company's technology

By Devika Patel

Knoxville, Tenn., April 11 - Liquid Holdings Group, Inc. will price an initial public offering of its common stock, according to a Form S-1 filed Thursday with the Securities and Exchange Commission. The company expects its shares will trade on the Nasdaq under the symbol "LIQD."

The deal will have a 30-day greenshoe option.

Sandler O'Neill + Partners, LP is assisting.

Proceeds will be used for investments in the company's technology and its sales and marketing functions, and for working capital and general corporate purposes, which may also include acquisitions of complementary businesses, products or technologies.

The New York company has developed and provides proprietary next-generation software technology that integrates trading, real-time risk management, accounting, reporting and administration tools in a single platform for the financial services community.

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