NEW YORK–LAWFUEL – The Legal Newswire – Turner Investment Partners, Inc. announced today that its newly created affiliate, Turner Investments, Inc., has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. Turner Investments, Inc. intends to apply to list its Class A common stock on the New York Stock Exchange.
Goldman, Sachs & Co. will be acting as the sole book runner for the proposed offering.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective. The number of shares to be offered and the price range for the offering have not been determined.
The public offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus may be obtained from Goldman, Sachs & Co.: Prospectus Department, 85 Broad Street, New York, NY 10004, Fax: (212) 902-9316, E-mail: [email protected]
Turner Investment Partners, Inc. is located in Berwyn, Pennsylvania, and including its subsidiaries, had approximately $25 billion in assets under management as of June 30, 2007. Turner Investments, Inc. would serve as the public holding company of the firm under the terms of the proposed offering. The firm offers a range of equity investment products, including U.S. and global growth, quantitative, and core and value disciplines.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.