Old Mutual Asset Management announces the launch of an initial public offering
Old Mutual plc today announces that it has launched the initial public offering (ďIPOĒ) of its subsidiary OM Asset Management Limited, the holding company for Old Mutualís US-based institutional asset management business. Old Mutual intends to sell 22,000,000, or 18.3%, of OM Asset Managementís ordinary shares at a price per share range between $15.00 and $17.00.
Old Mutual has also granted the underwriters a 30-day over-allotment option to purchase up to an additional 3,300,000 shares. The ordinary shares have been approved to trade on the New York Stock Exchange under the symbol íOMAMí. The offering is being made through global co-ordinators and joint book-running managers BofA Merrill Lynch, Morgan Stanley & Co. LLC, Citigroup, and Credit Suisse Securities (USA) LLC.
The prospectus relating to the offering may be obtained from: BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, NY 10038, email: email@example.com or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014 or Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or Credit Suisse Securities (USA) LLC, Attention: Credit Suisse Prospectus Department, One Madison Avenue, New York, NY 10010, e-mail: firstname.lastname@example.org.
OM Asset Management is a global, multi-boutique asset management company with approximately $215 billion of assets under management as of 30 June 2014 through a diverse portfolio of asset managers that serve institutional investors around the world. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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