Secondary Stock OfferingsBy The Online Investor Staff, updated Thu., Feb. 27, 2:18 PM
|This Slide: #13 of 25|
Slide #13. Artisan Partners Asset Management Inc. — Secondary Offering
Artisan Partners Asset Management Inc. (NYSE:APAM)
Secondary Offering Details:
Artisan Partners Asset Management Inc. (NYSE: APAM) (the "Company" or "Artisan Partners") is announcing today that it has agreed to sell 1,802,326 shares of the Company's Class A common stock (representing approximately 2% of the firm's outstanding equity) in an underwritten public offering. The Company intends to use all of the net proceeds of the offering to purchase 1,802,326 common units of Artisan Partners Holdings LP, the Company's direct subsidiary, from certain limited partners, including employee-partners, of Artisan Partners Holdings LP. The completion of this transaction will increase the Company's public float of Class A common stock by 1,802,326 shares.
Artisan Partners Asset Management is a holding company. Through its subsidiaries, Co. is an investment management firm. Co. manages a range of United States, non-United States and global investment strategies that are diversified by asset class, market cap and investment style. Co. provides its investment management services primarily to institutions and through intermediaries that operate with institutional-like decision-making processes by means of separate accounts and pooled vehicles. Co. also provides investment advisory services to range of investors, including non-United States investors with access to several of its investment strategies.
APAM SEC Filing Email Alerts Service
Open the APAM Page at The Online Investor »
Hold (2.25 out of 4)
(ranked lower than approx. 89% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite