Artisan Still Could IPO for $250 Million
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Thursday, September 15, 2011

Artisan Still Could IPO for $250 Million

Artisan Partners Asset Management [see profile] just confirmed its planned rough initial public offering size. On Monday the Milwaukee, Wisconsin-based mutual fund firm updated its S-1 form with the Securities and Exchange Commission (SEC), including a maximum size of the IPO of $250 million but without an IPO date [see filing].

Dow Jones and the Milwaukee Business Journal both reported on the latest update.

Artisan first filed in April to IPO, also with a maximum IPO size of $250 million, before this summer's market volatility [see, 4/6/2011].

According to the new filing this week, Artisan boasted almost $63.65 billion and 249 employees as of June 30, 2011. It brought in $233.2 million in revenue and $44.2 million in net income for the first half of 2011, up from $182.9 million and $25.5 million a year ago, respectively.

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