Home Industries Banking & Finance Trading begins for Artisan Partners shares

Trading begins for Artisan Partners shares

Milwaukee-based Artisan Partners Asset Management Inc. held an initial public offering last week with shares priced at $30 on the New York Stock Exchange. The share price quickly rose to $36.

Artisan Partners shares are trading under the ticker symbol APAM.

Artisan planned to 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 regulatory filings. The company also had said it would distribute $56.8 million to portfolio managers and $40 million to partners before the sale.

Milwaukee-based Artisan Partners Asset Management Inc. held an initial public offering last week with shares priced at $30 on the New York Stock Exchange. The share price quickly rose to $36.


Artisan Partners shares are trading under the ticker symbol APAM.

Artisan planned to 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 regulatory filings. The company also had said it would distribute $56.8 million to portfolio managers and $40 million to partners before the sale.

Holiday flash sale!

Limited time offer. New subscribers only.

Subscribe to BizTimes Milwaukee and save 40%

Holiday flash sale! Subscribe to BizTimes and save 40%!

Limited time offer. New subscribers only.

Exit mobile version