Jupiter Investment Management Holdings, the money management firm run by Edward Bonham Carter, has received orders for all the stock on sale in its initial public offering, two people familiar with the matter said.
Jupiter seeks to raise about £220 million ($319 million) selling shares at £1.50 to £2.10 each, the company said last week. The book will close on June 15, said the people, who declined to be identified because the information isn’t public.
The money manager is going public after sovereign-debt downgrades spurred the greatest turmoil in European equity markets since the collapse of Lehman Brothers Holdings Inc. in 2008. At least 20 companies worldwide postponed or withdrew IPOs last month as the MSCI World Index of developed market stocks dropped 9.9%.
J.P. Morgan Cazenove and Bank of America Merrill Lynch are managing the sale, along with Numis.
Jupiter spokeswoman Alicia Wyllie declined to comment.