These finance companies earned millions of dollars through unusually high fees, high-interest loans and the float (the working capital they handled for their clients).
Unlike its quoted peers, Och-Ziff Capital Management and Fortress Investments, GLG chose to float with a one-vote-per-share structure, although its founders do retain dominant stakes.
As insiders and venture capital investors head for the exits, expect more shares to come onto the market, and the float or the shares available for active trading will increase.