Perella Weinberg reveals 2020 revenue decline
Revenues at the boutique investment bank Perella Weinberg Partners declined around 9 per cent in 2020, widening the gap behind larger and faster-growing rivals, according to regulatory filings for its forthcoming stock market listing. The glimpse at its financial performance came as the New York-based company confirmed plans to go public via a merger with a blank-cheque company created by banking tycoon Betsy Cohen. The transaction values PWP at just under $1bn and was pitched by the company as an opportunity to clean up its corporate structure and grow its deal advisory business, as it seeks to keep …
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