P10 Inc Stock Price, News & Analysis

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P10 (NYSE: PX) reported a strong financial performance for Q4 and the fiscal year 2021, with revenue up 123% year-over-year, totaling $150.5 million. Fee paying assets under management reached $17.3 billion, marking a 36% increase. Q4 revenue was $45.6 million, an 85% increase. However, GAAP net income declined by 93% to $1.5 million in Q4, mainly due to non-cash expenses. Adjusted net income surged 157% year-over-year to $21.9 million. The company has strengthened its market position by acquiring Hark Capital and Bonaccord Capital Partners.

P10, a top private markets solutions provider trading under the ticker PX, announced it will release its fourth quarter and full year 2021 results on March 1, 2022, before U.S. markets open. The company will host a conference call at 8:30 a.m. ET on the same day, accessible via webcast. P10 serves over 2,400 global investors from diverse sectors, including pension funds and financial institutions, reflecting its broad reach in private markets.

P10, a private markets solutions provider listed on NYSE under the ticker PX, has successfully secured a $250 million credit facility led by JPMorgan Chase and Texas Capital Bank. This facility consists of a $125 million term loan and a $125 million revolving commitment. The proceeds will be used to refinance existing debts and support operational costs. The new agreement significantly lowers the interest rate from 7% to approximately 2.25%, enhancing P10's cost of capital and reducing future interest expenses.

P10, Inc. (NYSE: PX) announced that underwriters of its public offering have fully exercised an option to acquire an additional 3 million shares of Class A common stock at $12 per share. The shares are being sold by certain shareholders, and P10 will not receive any proceeds from this sale. The registration statement was effective as of October 20, 2021. P10 is a multi-asset class private markets solutions provider, with over 2,400 investors globally, servicing large pension funds and financial institutions.

P10, Inc. (NYSE: PX) reported impressive financial results for Q3 2021, showcasing a 122% increase in Fee Paying Assets Under Management, totaling $16.3 billion. Revenue soared by 148% year-over-year, reaching $38.1 million, while net income climbed to $4.1 million, up $4 million year-over-year. Adjusted EBITDA also mirrored this growth, hitting $21.8 million. The company aims to bolster its market position following its uplisting to the NYSE and a strong demand for its private market solutions.

P10, a private markets solutions provider, will release its Q3 2021 results on November 12, 2021, before U.S. market opening. The company will host a conference call at 8:30 a.m. ET on the same day, accessible via webcast. P10 has over 2,400 investors globally, including large pension funds and financial institutions. As of September 30, 2021, the firm operates across 46 states and 29 countries, focusing on alternative asset management. The company maintains ownership limitations to protect tax benefits related to net operating losses.

P10, a leader in private markets solutions, announced the pricing of its initial public offering (IPO) of 20 million shares at $12.00 each. P10 will sell 11.5 million shares, while stockholders will sell 8.5 million shares. The underwriters have a 30-day option to purchase 3 million additional shares. Trading is set to begin on October 21, 2021, under the ticker symbol 'PX.' A reverse stock split was also executed, resulting in P10 Holdings becoming a wholly-owned subsidiary. The IPO is expected to close around October 25, 2021.