Spotlight: Sutro and Tucker Anthony Banks to Go Public
Investment banks Sutro & Co. and Tucker Anthony Inc. unveiled plans to go public with a $120-million initial public offering. Freedom Securities Corp., the holding company for the two privately held firms, filed the plans with the Securities and Exchange Commission. Donaldson Lufkin & Jenrette and Credit Suisse First Boston Corp. will underwrite the offering. San Francisco-based Sutro and Boston-based Tucker Anthony were purchased by buyout specialist Thomas H. Lee of Boston in 1996.
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