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
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