Many of the main benefactors from the public listing, which will see shares sold at a price between 150p and 210p, are expected to be senior fund managers with stakes in the firm.
The share price placed the value of Jupiter between Â£718 million and Â£868 million.
Anthony Nutt, manager of Jupiterâs Income Trust fund, is expected to inherit 21.6 million shares, which could be worth an estimated Â£38.8 million when the listing has been completed, Reuters reported.
Philip Gibbs, the Financial Opportunities fund manager, Edward Bonham-Carter, Jupiterâs chief executive and John Chatfeild-Roberts, chief investment officer, are all to receive multi-million pound pay outs following the sale.
The asset manager stated that the IPO âwill strengthen Jupiter's balance sheet to a level the directors believe will be beneficial to the business, clients and shareholders over the long-termâ.
âWhile the global offer will include a secondary sale, Jupiter's employees and TA Associates will retain significant shareholdings post-admission,â the company explained.
TA Associates, the other major shareholder in the company, is expected to maintain its 17.32 per cent stake following the IPO.
By Jim Ottewill