FTAI News

Six companies went public in the past week, raising $1.4 billion. Half traded up 10% or more, and half had negative or no return. For the second week in a row, the general partner of a midstream natural gas pipelines MLP priced an upsized IPO above its range to become the year's largest company to go public by market cap. We also saw the ...read more

Fortress Transportation and Infrastructure Investors, an LLC formed by Fortress to own aviation, rail and marine transportation assets, raised $340 million by offering 20 million shares at $17, below the range of $19 to $21. The company plans to list on the NYSE under the symbol FTAI. Citi, BofA Merrill Lynch, Barclays, Deutsche Bank and UBS Investment Bank acted as lead managers...read more

Nine IPOs are scheduled to raise $1.4 billion this week. The IPO market could see the year's largest company and the year's largest biotech by market cap begin trading in the US. Two yield plays account for two-thirds of expected proceeds. Six of the nine are development-stage health care and genetics...read more

Fortress Transportation and Infrastructure Investors LLC, an LLC formed by Fortress to own aviation, rail and marine transportation assets, announced terms for its IPO on Monday. The New York, NY-based company plans to raise $400 million by offering 20 million shares at a price range of $19 to $21. At the midpoint of the proposed range, it would command a market value of $1.5...read more