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WASHINGTON (AP) - Cowen Group Inc. Tuesday said it will go public in an initial offering of stock worth a potential $100 million.
The New York-based investment bank didn't disclose the number of shares to be offered or an estimated price range in the Securities and Exchange Commission filing.
SG Americas Securities Holdings Inc., an indirect, wholly owned subsidiary of Sociiti Ginirale and the sole stockholder of Cowen Group, is offering all the shares in the IPO. Cowen Group won't receive any proceeds from the sale of shares by the selling stockholder, the filing said.
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