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NEW YORK, Feb. 8 /PRNewswire-FirstCall/ -- Fortress Investment Group LLC
(NYSE: FIG) today announced its initial public offering of 34,286,000 Class A
shares priced at $18.50 per share. Fortress Investment Group LLC also granted
the underwriters an option to purchase up to an additional 5,142,900 Class A
shares.
The shares will begin trading on February 9, 2007, on the New York Stock
Exchange under the symbol "FIG". The offering is expected to close on
February 13, 2007.
Goldman, Sachs & Co. and Lehman Brothers are acting as joint global
coordinators and as representatives for the underwriters of this offering.
Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Fortress
Investment Group, and Sidley Austin LLP acted as legal advisor to the
underwriters.
A registration statement relating to these securities was declared
effective as of February 8, 2007 by the Securities and Exchange Commission.
Copies of the written prospectus related to the offering may be obtained from
the Prospectus Department of Goldman, Sachs & Co., 85 Broad Street, New York,
New York 10004, fax number: (212) 902-9316 or email: prospectus-
ny@ny.email.gs.com; or through Lehman Brothers' Prospectus Fulfillment
Department c/o ADP Financial Services, 1155 Long Island Avenue, Edgewood, NY
11717, fax number: (631) 254-7268 or email: monica_castillo@adp.com.
Fortress is a leading global alternative asset manager with over
$30 billion in assets under management as of December 31, 2006. Fortress
raises, invests and manages private equity funds, hedge funds and publicly
traded alternative in-vestment vehicles. Fortress was founded in 1998.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
SOURCE
Fortress Investment Group LLC
CONTACT:
Lilly H. Donohue, Director of Investor Relations of Fortress
Investment Group LLC, +1-212-798-6118
