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Thursday, July 30, 2009|
Will Artio Finally Go Public This Year?
Amid the rally in equity markets, Julius Baer executives on Monday reiterated their plan to undertake an IPO of their U.S.-based asset management business, Artio Global Investors.
"It is still intended to launch an IPO of Artio Global in 2009, subject to market conditions," Julius Baer officials said as part of the company's earnings release.
Julius Baer filed with the SEC in February 2008 to offer as much as $1 billion in shares of Julius Baer Americas, which was rebranded Artio in June that year.
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