February 9, 2007
Hedge Fund Goes Public
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.
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