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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