Jupiter Asset Management is likely to be priced at the lower end of its expectations as a result of uncertainty in the equities markets, analysts have said, as the fund manager this morning gave guidelines on its proposed flotation.

Jupiter said it will price its shares between 150p and 210p, and it expects to float later this month. The price range would value the business at between £718m (€862.5m) and £868m, already below analysts' £1bn estimate reported last month.