The shares are traded on the Nasdaq Global Select Market

Davis Polk advised the representatives of the several underwriters in connection with the $136 million SEC-registered offering of 4,000,000 shares of common stock of Victory Capital Holdings, Inc. sold by the selling stockholders. Victory is traded on the Nasdaq Global Select Market under the symbol “VCTR.”

Victory is a diversified global asset management firm with $162.6 billion in AUM as of October 31, 2021. Victory operates a next-generation business model combining boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform.

The Davis Polk corporate team included partners John G. Crowley and Marcel Fausten and associates Joanna Sedlak and Chad Howard. Partner Mario J. Verdolini and associate Constance Zhang provided tax advice. Partner David R. Bauer and associate S. Dream Montgomery provided intellectual property advice. All members of the Davis Polk team are based in the New York office.