Artisan Partners Asset Management Inc., the Milwaukee-based money manager that withdrew plans to go public in 2011, raised $332 million in an initial public offering, pricing the shares above the marketed range.

Artisan, which offers a dozen U.S. and non-U.S. investment strategies, sold 11 million shares for $30 each, according to data compiled by Bloomberg. The firm had offered 11.5 million shares, equivalent to a 17 percent stake, for $27 to $29 apiece. The company will trade under the symbol APAM on the New York Stock Exchange.

Artisan, led by Executive Chairman Andrew Ziegler and Chief Executive Officer Eric Colson, proceeded with the IPO as markets have rebounded since its first attempt to tap public markets, with the Dow Jones Industrial Average surging 17 percent since the end of 2011 and closing at a record for the past two days. Equity mutual funds in the U.S. attracted $54 billion in the first seven weeks of the year, according to data from the Investment Company Institute.

Artisan’s funds include the top-performing $6.6 billion Artisan International Value Fund, which beat 99 percent of peers over the past five years, according to data compiled by Bloomberg. The $8 billion Artisan Mid Cap Value Fund beat 97 percent of rivals over the past five years. The team that runs the fund won Morningstar Inc.’s award for best domestic stock- fund manager in 2011.

“I think their overall investment performance will help them,” Geoff Bobroff, a fund consultant in East Greenwich, Rhode Island, said in a phone interview. “As a public company they’ll be faced with a lot of things, but investors and intermediaries like Artisan’s products, and that’s a good sign for them.”

Artisan’s Earnings

Net income fell 75 percent in 2012 to $33.8 million as expenses related to compensation climbed, according to regulatory filings. Revenue, most of which the company earns from fees for managing client money, rose in each of the previous three years. Assets surged 30 percent in 2012 to $74 billion.

Artisan planned to use $90 million of the sale’s proceeds to repay debt, $67.1 million to buy shares from early investors and $61.3 million to pay a distribution to pre-IPO partners, according to regulatory filings. The company said it distributed $56.8 million to portfolio managers and $40 million to partners before today’s sale.

Citigroup Inc. and Goldman Sachs Group Inc. led the offering.