MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, March 6, 2013 Record Dow Presents Prime Opp for Artisan This could be a great week for Artisan Partners [profile] to go public, according to Bloomberg. The public offering, which had been priced in late February, is slated for this week. And what a week for an IPO, with the Dow Jones Industrial Average closing at a record 14,254 Tuesday. Bloomberg reports that U.S. IPOs so far this year have raised at least $10 billion, compared with $3 billion during the same period last year, according to data compiled by the news organization. Artisan is seeking as much as $333 million, according to IPO filings which price 11.5 million shares between $27 and $29 per share. The newswire reports that Artisan will use $90 million of the sale’s proceeds to repay debt, $67.1 million to buy shares from early investors and $61.3 million to pay a distribution to pre-IPO partners, according to IPO filings. Read more in Bloomberg. Printed from: MFWire.com/story.asp?s=43190 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |