RiskMetrics to go public

RiskMetrics is set to price soon. And the underwriters--led by Credit Suisse, Goldman Sachs and Banc of America Securities--couldn't have picked a better time. You heard me. Now is a good time, despite the market turmoil. The fact is that risk management is a hot buzzword right now, for obvious reasons. The firm's Web-based RiskManager measures portfolio risk. The AP notes the firm has 3,500 clients in 50 countries, including 70 of the 100 largest investment managers and 41 of the 50 largest hedge funds. RiskMetrics' was spun-off from JPMorgan in 1998 by Ethan Berman, head of risk management services group. Management is not selling shares in the IPO, the AP reports. On the other side of the house, corporate governance services seems to be faring similarly well.  

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