Investors rush for Greenhill IPO

Greenhill, the investment banking boutique, has been valued at $515m (€424m) ahead of its US initial public offering, after pricing above the predicted range in a show of strong demand.

Goldman Sachs is sole bookrunner for Greenhill while Lehman Brothers and UBS are joint lead managers.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire