Canadian Investment Manager to Float

Tom Burroughes Deputy Editor London 9 April 2008

Canadian Investment Manager to Float

Sprott Asset Management, an investment management business run by Canadian investor Eric Sprott, is planning an initial public offering to raise about $198 million, according to media reports. The offer could start as soon as this week and would value the company at as much as C$1.5 billion ($1.47 billion). The firm manages about C$6 billion for institutional and individual clients.

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