LPL IPO: The biggest winners
5. Todd A. Robinson $30M
Robinson, an alumnus of Smith Barney, formed LPL in 1989 through the merger of Linsco Financial Group and Private Ledger Financial Services Inc. In 2005, he sold a 61% stake in the company to two private equity firms. After LPL was created, Robinson turned the reins over to Mark Casady, the company’s current CEO.
[NOTE: Dollar amount based on cash value of shares to be offered, assuming high end of estimated price range for the IPO. All data based on regulatory filings. To see an expanded list of sellers, Click here]