Artisan Partners Asset Management (APAM) Files $250M IPO

November 1, 2012 12:05 PM EDT
Artisan Partners Asset Management (NYSE: APAM) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The proposed maximum offering amount is $250 million. Artisan Partners plans to list on the New York Stock Exchange under the ticker, "APAM."

The offering is being made through Citigroup, Goldman, Sachs & Co., BofA Merrill Lynch, Morgan Stanley, and Scotiabank.

Revenue was $296.2 million in FY09, $382.3 million in FY10, and $455.1 million in FY11. Operating expenses were $233.1 million, $317.1 million and $300.8 million over the same periods. Net income was $48.2 million, $42.5 million , and $1331 million in FY09, FY10, and FY11, respectively. As of June 30, 2012, the firm reported assets of $282.8 million and liabilities of $551.5 million.

Artisan Partners Asset Management is an independent investment management firm that provides a broad range of U.S., non-U.S. and global equity investment strategies and managed a total of $64.1 billion in assets as of June 30, 2012.

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