Milwaukee-based Artisan Partners Asset Management Inc. has commenced a public offering of 7 million shares of its Class A common stock.
The offering’s underwriters will be given a 30-day option to purchase another 1.05 million shares.
Artisan, a global investment management firm, will use the net proceeds of the offering to purchase shares of its convertible preferred stock and common and preferred units of its subsidiary, Artisan Partners Holdings LP.
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The shares are being sold by directors, officers and employees of the company and its subsidiary.
