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Friday, January 18, 2013

Artisan Continues Its IPO Charge

Reported by Tommy Fernandez

Sounds the horns! Artisan Partners [profile] has raised the IPO flag yet again and is bracing for another charge upon the public market's battlements.

After filing its S-1 in November with the SEC, today the Milwaukee, Wisconsin-based mutual fund shop amended its S-1 [S-1A filing].

Artisan still seeks to raise $250 million in an initial public offering of Class A common stock on the New York Sock Exchange, though no share price target is yet listed. The stock would have the ticker symbol "APAM" (for Artisan Partners Asset Management).

The offering will still be handled by underwriters Citigroup, Goldman, Sachs, BofA Merrill Lynch, Morgan Stanley and Scotiabank.

Artisan had already tried an IPO and withdrew it back in December 2011. 

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