Artisan Partners Prices 4.8M share Offering at $56.00/Share
Artisan Partners Asset Management (NYSE: APAM) announced today the pricing of a public offering of 4,800,000 shares of
Class A common stock at a price to the public of $56.00 per share. The
Company has granted the underwriters an option to purchase up to 720,000
additional shares at the public offering price less underwriting
discounts and commissions. The offering is expected to close on November
6, 2013, subject to customary closing conditions.
The Company intends to use all of the net proceeds of this offering to
purchase shares of the Company's convertible preferred stock and
preferred units of the Company's subsidiary, Artisan Partners Holdings
LP, from private equity funds controlled by Hellman & Friedman LLC.