Monday, June 25, 2007
English Hedge Fund Plans IPO in US
GLG Partners, a London-based hedge fund that is well known in Europe, plans to go public in the US through a $3.4 billion merger with Freedom Acquisition Holdings, a special purpose acquisition company listed on the American Stock Exchange. GLG was originally a division of Lehman Brothers, which continues to own 15%. After the merger, GLG will be listed on the NYSE. See NYTimes, Hedge Fund Based in London to Go Public in United States; WSJ, GLG Partners Two-Stepping To U.S. Listing.