Citadel Ponders IPO

Jan 4 2008 | 8:14am ET

After enjoying another year of stellar returns, Citadel Investment Group may be ready to meet its public.

The $20 billion hedge fund giant is considering an initial public offering, BusinessWeek reports, citing sources who say the Chicago firm may “take the plunge this year.”

Citadel itself was coy about the possibility of a public listing. “An IPO is something we’d consider,” CFO Gerald Beeson told the magazine. “It would be a byproduct of our wanting to expand our firm to create an even more diverse and permanent institution.”

In September, Citadel hired John Andrews, the former Goldman Sachs head of investor relations, who joined the investment bank just prior to its 1999 IPO.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    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…