Old Mutual to float US asset management subsidiary

clock

Old Mutual is launching an initial public offering for its US subsidiary Old Mutual Asset Management.

The group said today it intends to sell 22 million, or 18.3%, of OM Asset Management ordinary shares at a price per share ranging from $15 to $17.

OM Asset Management is the holding company for Old Mutual's US-based $215bn institutional asset management business. It is a separate entity from Old Mutual Global Investors, the insurer's UK asset management arm.

The book for the IPO will be run by Bank of America Merrill Lynch, Morgan Stanley, Citigroup and Credit Suisse Securities.

Old Mutual has also granted the underwriters a 30-day over-allotment option to purchase up to an additional 3.3 million shares.

 

 

More on Investment

Friday Briefing: It's all getting more complicated for retail investors 

Friday Briefing: It's all getting more complicated for retail investors 

Friday Briefing

Eve Maddock-Jones
clock 12 October 2025 • 6 min read
Stories of the week: FCA, crypto, and ONS borrowing figures

Stories of the week: FCA, crypto, and ONS borrowing figures

The biggest stories from the world of investment and asset management this week

clock 10 October 2025 • 1 min read
Schroders' Simon Adler on finding marginal gains and the 'ripe' opportunity in value

Schroders' Simon Adler on finding marginal gains and the 'ripe' opportunity in value

Morale high despite personnel changes

Michael Nelson
clock 09 October 2025 • 4 min read
Trustpilot