Moelis & Company, the boutique investment bank, disclosed on Friday that it hopes to raise more than $211 million in its coming initial public offering.
The firm said in a revised prospectus that it planned to price its stock sale at $26 to $29 a share. At the midpoint of that range, the advisory concern would be valued at about $1.4 billion.
Should Moelis reach that price level, the upstart boutique â€" not yet seven years old â€" would attain a valuation rivaling those of competitors nearly twice its age, like Greenhill & Company and Evercore Partners. It would fulfill a dream long held by the firm’s founder, the deal maker Kenneth D. Moelis.
So-called independent and boutique investment banks have long dotted Wall Street, but such firms have become increasingly prominent in recent years, taking business that often had gone solely to bigger rivals like Goldman Sachs and JPMorgan Chase.
Since leaving UBS in 2007, Mr. Moelis has created an independent adviser that has been able to compete for some of the biggest deals around. For example, Moelis & Company shared credit with fellow independent firm Rothschild for organizing one of last year’s biggest mergers, the union of the advertising agencies Publicis and Omnicom.
The revised prospectus also clarified how much control Mr. Moelis will exert over the firm even after selling shares to the public. Moelis will have two classes of stock: Class A shares, carrying one vote each, that will be sold to ordinary investors, and Class B shares, which will be controlled by Mr. Moelis.
While dual-class stock structures have been in place at companies like Facebook and The New York Times Company, Mr. Moelis will enjoy an incredibly high degree of control, commanding roughly 96.6 percent of the voting power at the firm.
The Class A shares will trade on the New York Stock Exchange under the ticker symbol “MC.â€
The I.P.O. is being led by Goldman Sachs and Morgan Stanley, with Moelis itself playing a smaller advisory role.
