By Julie Wernau | A Chicago-based provider of online investment services for financial
advisers is preparing to go public in a $100 million offering. Envestnet
Inc. plans to trade on the New York Stock Exchange under the symbol
ENV. Morgan Stanley, UBS and Barclays Capital are serving as co-lead
underwriters.
The company reported approximately $78 million in 2009 revenue, down
from $92 million the prior year. A date for the offering has not yet
been set.
The most recent prospectus can be found here.