Wednesday, 25 November 2015
Last updated 8 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…