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Artisan Prices Its IPO At $322 Million

TedTed
edited February 2013 in Fund Discussions
FYI:How time flies since the Ziegler's worked for the old FundAlarm's gang favorite guy DICK Strong.
Regards,
Ted
http://www.mutualfundwire.com/common/artprint2007.asp?storyID=43090&wireid=2

Artisan Partners Profile: http://www.mutualfundwire.com/fundprofile.asp?fund=19585

Artisan Fund Family: http://quicktake.morningstar.com/FundFamily/Snapshot.asp?Country=USA&Symbol=0C00001YPQ

Comments

  • David_Snowball
    Ahhh ... the value of patience. The estimated revenue from their 2011 IPO offering was $250 million, which was withdrawn because of hostile market conditions. The same $250 million was the guess November 2012 when word of this became public. Their patience may generate a 28% premium to those earlier targets if the auction goes well.
  • MarkMark
    It bears watching if for no other reason than the fund company is often a more rewarding investment than the funds they manage (see GROW and TROW).
  • TedTed
    Reply to @Mark: I have stated several times here and the old FundAlarm Website, "if you like the funds, you might just love the fund company." Over the years, I have owned both GROW & TROW and always made money.
    Regards,
    Ted
  • Sven
    Reply to @Ted: Same here - TROW has always been one of our favorite.
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