Medley Management Inc. Prices Initial Public Offering

NEW YORK, Sept. 23, 2014 /PRNewswire/ -- Medley Management Inc. today announced the pricing of an initial public offering of 6,000,000 shares of its Class A common stock at $18.00 per share. The shares will be listed on the New York Stock Exchange and trade under the ticker symbol "MDLY" beginning tomorrow, September 24, 2014. The underwriters have a 30-day option to purchase up to an additional 900,000 shares at the initial public offering price, less the underwriting discount. The offering is expected to close on September 29, 2014, subject to customary closing conditions. 

Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC are serving as lead bookrunners and representatives of the underwriters for the offering. The offering of these securities will be made only by means of a prospectus. When available, a copy of the final prospectus relating to the offering can be obtained from: Goldman, Sachs & Co., Attn.: Prospectus Department, 200 West Street, New York, NY 10282, via telephone at (866) 471-2526, via facsimile at (212) 902-9316, or by email to prospectus-ny@ny.email.gs.com, or Credit Suisse Securities (USA) LLC, Attn.: Prospectus Department, One Madison Avenue, New York, NY 10010, via telephone at (800) 221-1037, or by email to newyork.prospectus@credit-suisse.com. The final prospectus, when available, may also be accessed through the website of the U.S. Securities and Exchange Commission ("SEC") at www.sec.gov.

A registration statement relating to the securities has been declared effective by the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

SOURCE Medley Management Inc.

Sam Anderson, Sam.Anderson@mdly.com, 212.759.0777