Australia's Insignia Financial jumps on Bain Capital's $1.7 billion bid

** Shares of Insignia Financial IFL rise as much as 9.6% to A$3.725, their highest since Jan. 19, 2023

** Wealth manager gets non-binding buyout proposal from private equity Bain Capital, valuing it at A$2.67 bln ($1.70 bln)

** Offer price of A$4.00 per share represents a 17.6% premium IFL's Thursday's close

** About 3.8 mln shares change hands, compared with the 30-day average volume of around 2.7 mln

** Stock among top gainers on the S&P/ASX 200 XJO benchmark index, which is down 0.6%

** Stock up 45.3% YTD, based on last close

($1 = 1.5704 Australian dollars)