Fortress Investment prices IPO at $18.50 a share

02/9/2007 | · Reuters

Fortress Investment Group priced its initial public offering at $18.50 a share, at the high end of the expected range, as it becomes the first private equity and hedge fund to go public in the U.S. The company raised $634 million in the deal, which values the company at more than $7.4 billion before the start of public trading on the NYSE today.

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