OM Asset Management’s IPO to be priced at $15-$17/share-Reuters

(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.