Business Blog: Hoover’s Business Insight Zone

It’s big, it’s obscure, it’s having a mondo IPO this week . . . that’s right, it’s Och-Ziff Capital Management, and here it comes barrelling down the pipe on our IPO Calendar.

Here’s the key quote from a post we did about Och-Ziff in July, when the IPO was first announced:

Och-Ziff is an asset management firm with about $27 billion of assets under management. It’s not a household name in the industry — it serves fund managers rather than individual investors — but it pulls down more than $1 billion yearly in revenue and has a broad portfolio of investments spread across the world. For a $2 billion IPO, expect this one to be on the quiet side.

Since then the IPO has been set a little bit lower — just north of $1.1 billion. Still it’s the biggest IPO to come down the pipe in a while. It will be interesting to see how the markets treat this company, given how badly the financial sector has gotten beat up lately.

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* This is my homage to Monty Python. No special reason . . . but do we need one?