Friday, 22 May 2015
Last updated 14 min 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…