NEW YORK, Feb. 08, 2018 (GLOBE NEWSWIRE) -- Victory Capital Holdings, Inc. (“Victory Capital”) (Nasdaq:VCTR), an independent investment management firm with approximately $61.8 billion in assets under management as of December 31, 2017, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.
Victory Capital operates a next generation, integrated multi-boutique model featuring a scalable operating platform that provides centralized distribution, marketing and operations infrastructure to its select group of specialized and largely autonomous investment managers, which the company refers to as "Franchises." Victory Capital also has a solutions platform consisting of multi-Franchise and customized solutions that are primarily rules-based. The firm offers its solutions platform through a variety of vehicles, including separate accounts, mutual funds and VictoryShares, which is its ETF brand.
“Today, as we celebrate this important milestone, I would like to thank our investment professionals and our employees around the world for their hard work on behalf of our clients. It is through your passion, dedication and commitment that we stand here today,” said David Brown, Chairman and Chief Executive Officer. “I would also like to thank our clients for the confidence you have placed in us. We will continue to work hard every day to earn your trust.”
“Nasdaq welcomes Victory Capital to our family of leading financial services companies as they continue to provide innovative investment solutions and demonstrate a strong commitment to serving their clients,” said Nelson Griggs, President, Nasdaq Stock Exchange.
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/d726ded5-2f8e-4848-906a-b1420dcf3a50