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