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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone)

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To: RealMuLan who wrote (2762)	2/3/2007 11:50:13 AM
From: RealMuLan	Read Replies (1) of 2852

Hedge fund group to price IPO Feb. 8 By Aaron Siegel February 2, 2007 investmentnews.com Fortress Investment Group LLC will price its initial public offering on Feb. 8, making it the first hedge fund or private equity firm to become publicly traded, according to a filing with regulators today. The New York-based hedge fund and private equity firm plans to sell 34.3 million Class A shares priced at between $16.50 and $18.50 each, valuing the offering between $566 million and $635 million, the filing said. Principals of the firm, which will trade on the New York Stock exchange under the ticker symbol "FIG," will hold roughly 78% of the shareholder voting power after the IPO, according to the filing.

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