GLG trades above listing price


The newly created GLG Partners, formed when the U.K.-based hedge fund firm completed a reverse takeover of shell company Freedom Acquisition, began trading on the NYSE Euronext on Monday at $13.70 per share and finished the day up 6.6%. By Thursday, GLG’s stock had given back some of its gains but remained above its listing price, closing at $13.90.

“Completion of this transaction is an important step in building GLG’s global business and affords us the opportunity to increase brand awareness and expand in major targeted markets, including the U.S., Middle East and Asia,” said Noam Gottesman, chairman and