Friday, February 9, 2007
Fortress Investment Group will be the first hedge fund and private equity firm in the US to go public today at $18.50 per share. At that price it will have a market value of $7.4 billion. Its class A shares will trade on the NYSE. See NY Times, Fortress Goes Public, a First for Hedge Funds Inside U.S. and WSJ, First Hedge-Fund IPO May Encourage Others.