(Reuters) – OM Asset Management Ltd (IPO-OMAM.N), a subsidiary of British insurer Old Mutual Plc, said it expects its initial public offering of 22 million shares to be priced between $15 and $17 each.
The offering is expected to raise about $374 million and value the unit at about $2.04 billion at the top end of the range, the U.S. asset management business of Old Mutual said in a filing.
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