Saturday, 31 January 2015
Last updated 11 hours ago
Nov 14 2007 | 7:18am ET
Och-Ziff Capital Management raised $1.15 billion in its initial public offering yesterday, selling 36 million shares at the high end of its forecast price range.
Shares of Och-Ziff were priced at $32 a piece, and will be listed on the New York Stock Exchange starting today under the ticker symbol “OZM.” The stock was forecast to sell for between $30 and $33.
The IPO, underwritten by a syndicate led by Goldman Sachs and Lehman Brothers—who have an option to purchase another 5.4 million shares to cover overallotments—represents 9% of the $30 billion New York-based hedge fund manager.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…