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Citadel gets $1bn injection in first outside investment for trader
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Citadel Securities is set to receive its first outside investment in a deal valuing the electronic-trading firm majority-owned by hedge fund billionaire Ken Griffin at around $22bn.
Venture-capital firm Sequoia Capital and cryptocurrency investor Paradigm have agreed to invest $1.15bn in the Chicago-based firm, the company told The Wall Street Journal. Sequoia partner Alfred Lin will also join Citadel Securities’ board.
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