Artisan Partners Asset Management Inc filed with US regulators on Thursday to withdraw its initial public offering, citing unfavourable market conditions. In April, the investment management firm had filed with the US Securities and Exchange Commission for an IPO of up to $250 million. The Milwaukee, Wisconsin-based firm had planned to use part of the proceeds from the offering to repay debts.
Citigroup and Goldman, Sachs & Co were the lead underwriters of the offering.
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