Amundi, one of the world’s top asset managers, which was owned by Société Générale (SG) and the Crédit Agricole group, recently completed an initial public offering (IPO) of SG’s 20% stake in the company.  This article provides a summary of the offering; an overview of Amundi’s business, as detailed in the IPO registration statement; and a look at the risks and regulatory requirements detailed in the registration statement.  The Amundi IPO is aimed primarily at facilitating SG’s sale of its stake in the company.  Fund managers have also used IPOs to establish permanent capital or private equity vehicles.  See “Ares Management IPO Raises Permanent Capital and Creates Liquidity for Founders’ Interests,” Hedge Fund Law Report, Vol. 7, No. 14 (Apr. 11, 2014); “Anatomy of a Blank Check IPO by a Hedge Fund Manager,” Hedge Fund Law Report, Vol. 7, No. 13 (Apr. 4, 2014); and “Prospectus for Suspended Ellington Financial IPO Details Mechanics of a Hedge Fund Permanent Capital Vehicle,” Hedge Fund Law Report, Vol. 2, No. 50 (Dec. 17, 2009).  They can also be used for succession planning by private fund managers.  See “Mechanics of a Hedge Fund Manager IPO,” Hedge Fund Law Report, Vol. 5, No. 16 (Apr. 19, 2012).