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Citadel to go public in 2008?
January 8, 2008 — 7:59am ET
Ken Griffin, the 38-year-old head of Citadel Investment Group, is already worth about $2 billion. That could head much higher in 2008 if he manages to take his alternative investment powerhouse public, something that Business Week Online says is likely. This would qualify as a contrarian move for a firm that cannot stay out of the news. You can't really look to offerings by Fortress, Och-Ziff and the Blackstone Group for reasons why Citadel would be well received. But the great investors strike when no one else sees the opportunity. Griffin's legend will either be burnished or burned. It should be interesting one way or another.
For more:
- here's the Business Week Online article
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