British fund manager New Star Asset Management will float in the third quarter of this year with a market value of about 400 million pounds ($739 million), the Sunday Times reported.
"We are definitely on for a float," the newspaper quoted New Star's Chairman John Duffield as saying.
"Advisers have been appointed, and we are going to have strict rules covering share selling by staff. Nobody will be able to sell more than 10 percent of their holding at the float, and then no more for three years," Duffield was quoted as saying.
The newspaper said that New Star had appointed HSBC as advisers. New Star was founded four years ago and currently oversees about eight billion pounds of assets.
New Star's ownership is divided between its employees and outside investors.