OM Asset Management Prices IPO At $14.00 Per Share

(RTTNews) - OM Asset Management plc. announced that it has priced initial public offering of 22 million ordinary shares at a price of $14.00 per share. In a recent filing, the company disclosed that it expected to price the initial public offering between $15.00 and $17.00 per share.

Shares of OM Asset Management are expected to begin trading on October 9 on the New York Stock Exchange under the ticker symbol "OMAM." The offering is expected to close on October 15.

All 22 million shares are being offered by its parent company, Old Mutual plc. The underwriters have a 30-day option to purchase up to an additional 3.3 million shares from Old Mutual plc at the initial public offering price, less the underwriting discount, to cover over-allotments, if any.