Next Big future for asset management company Asset Management is going up for sale, according to an article in Next Big.
The company, which is based in Dublin, Ireland, has raised $3.5 billion in financing since it was founded in 2015.
The stock will go public on Tuesday at $15.75.
The IPO will raise $6.4 billion.
The listing will occur on the NASDAQ and NASDAQ Capital.
Fafsanas portfolio includes assets including oil and gas assets, industrial machinery, industrial services, insurance, and infrastructure.
It has a $2.6 billion valuation.
Its current assets include a portfolio of industrial machinery that includes oil and natural gas facilities, as well as machinery, power generation and transmission, and transportation equipment.
Faeda CEO John O’Connor told Next Big that the company has raised more than $2 billion in venture capital, mostly from private investors.
“Our asset management is our largest asset,” O’Connors said.
“We have about 20-25,000 people in our portfolio and we are growing fast.”
The company currently operates more than 500,000 employees.
In its IPO filing, Fafs stock said that the IPO will give the company a larger presence in the industry, and that the growth of its customer base will drive more investment in asset management.
“Asset management is an industry that is poised for significant growth, and we anticipate that our clients will be attracted to our services and products, as we have the unique ability to help them better manage their assets,” FafSA said.
The startup said it plans to be a major player in the asset management space, with its focus on energy, infrastructure, and manufacturing.
O’Brien said the company plans to have its first public offering in the first half of 2021.
The public offering will be held through Fafseas’ parent company, FaaS Group, which owns more than 30 companies.
Faa s portfolio includes asset management and investment companies and has more than 1,000 clients.
The firm said it will invest approximately $50 million in the IPO, including $25 million in employee stock options and $25.4 million in cash, which it plans on reinvesting in asset manager investments.
OBrien said Fafso will invest its cash in assets in the energy sector, including pipelines, transmission, power plants, and railroads.
Ffaas stock is up 9.5 percent since the company was founded last October.
Falfa’s first public offerings were successful, but the company’s growth has slowed in recent years.
It is now valued at $1.2 billion, but its value has dropped by more than 60 percent since its first IPO in 2020.
The Irish company has struggled to make its IPO more palatable to investors and to compete with other investment funds that have more money.
Fa s stock has lost more than 85 percent of its value since its IPO, according a recent Bloomberg report.
OíDonnell, the Fafsena executive, said the next major IPO is likely to be the $1 billion IPO of Fafesa Holdings in 2020, which was followed by a $1 million buyback in 2018.