Fortress goes public in historic transaction

Fri Feb 9, 2007



Fortress Investment Group this week became the first U.S. hedge fund and private equity manager to offer shares in its management company to the public.

In a deal that was widely anticipated, Fortress sold 8.6% of its shares to the public at $18.50 per share, the high end of its expected price range of $16.50 to $18.50. The offering was oversubscribed by 25 times....

ISSN: 2151-1845 / CDC10004H

Register

By registering you will receive

  • A monthly newsletter on your specified areas of interest
  • A fortnightly update on the sector

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates


Popular Searches on HFI