ORIX Corporation, a leading integrated financial services group, announced that, ORIX USA Corporation, a 100% subsidiary of ORIX Corporation, will sell in the United States, through its affiliate, a portion of the shares of Class A common stock in Houlihan Lokey, Inc. (“HL”), a consolidated subsidiary of ORIX Corporation, in the initial public offering of shares by HL in connection with HL’s listing on the New York Stock Exchange. HL has publicly filed with the U.S. Securities and Exchange Commission a registration statement on Form S-1 on August 3, 2015, and the offering price was determined on August 12, 2015. After the IPO, HL will cease to be a consolidated subsidiary of ORIX Corporation.
Refer to the following link for the official ORIX Corporation announcement: http://www.orix.co.jp/grp/en/pdf/news/150813_ORIXE2.pdf
Corporate Planning Department