set a price range for its initial public offering: 11.5 million shares at a price range of $27 to $29 per share. Watch for the Midwestern mutual fund shop to IPO soon.
That prices the total IPO at $322 million, according to Renaissance Capital
, valuing all of Artisan at $1.86 billion.
Meanwhile, according to Artisan's SEC filing
, all the stocks offered will be Class A common stock.
The pricing comes slightly more than four weeks after the company refiled for the IPO
with the SEC.
The underwriters for the offering remain Citigroup
, Goldman Sachs
, BofA Merrill Lynch
, Morgan Stanley
, and Scotiabank
The pricing is the latest step in a circuitous two-year long process to public offering.
The $322 million price is also a significant increase from the $250 million initially bandied about in previous filings
Meanwhile, last fall, the firm significantly boosted
its presence in New York.
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