Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Artisan Partners Plans to Raise Up to $250 Million in IPO

Nov. 1 (Bloomberg) -- Artisan Partners Asset Management Inc., the Milwaukee-based investment firm known for its top-performing stock funds, plans to raise as much as $250 million in an initial public offering, its second attempt to go public after withdrawing a registration last year.

Artisan, which oversees funds in a dozen distinct U.S. and non-U.S. investment strategies, will use proceeds of the sale to repay debt, buy shares from early investors, pay portfolio managers and pre-IPO partners, and contribute to the firm’s working capital, the company said today in a filing with U.S. Securities and Exchange Commission. The amount is a placeholder and may change.

Artisan, led by Andrew Ziegler, had planned an offering last year before withdrawing its registration in December, citing “unfavorable market conditions.” Its funds include the top-performing $6.6 billion Artisan International Value Fund, which beat 99 percent of peers over the past five years, according to data compiled by Bloomberg.

The firm also manages the $8 billion Artisan Mid Cap Value Fund, which beat 97 percent of rivals over the same period. The team that runs the fund won Morningstar Inc.’s domestic stock manager of the year award for 2011.

Artisan, founded in 1994, had about $70 billion in assets 276 associates as of Sept. 30, according to its website. The firm has offices in Milwaukee, San Francisco, Atlanta, New York and London.

The offering is being led by Citigroup Inc. and Goldman Sachs Group Inc. The company plans to list its shares on the New York Stock Exchange under the ticker symbol APAM.

To contact the reporter on this story: Devin Banerjee in New York at

To contact the editor responsible for this story: Christian Baumgaertel at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.