P10 Inc. is all set to go public Thursday, as the Texas-based alternative asset management company’s initial public offering priced overnight at $12 a share, below the expected range of between $14 and $16 a share. The company sold 11.5 million Class A shares in the IPO to raise $138.0 million, while selling shareholders 8.5 million shares to raise $102.0 million. With a total of 117.16 million Class A and Class B shares outstanding expected after the IPO, the pricing values the company at about $1.41 billion. The stock is expected to start trading on the NYSE some time after the open under the ticker symbol “PX.” The company is going public at a time that the Renaissance IPO ETF has rallied 7.8% over the past three months while the S&P 500 has gained 4.1%.
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