Billionaire Returns To The Iraqi Oil Game With New IPO

After five years, Jean Claude Gandur is back in the game. The Swiss billionaire made the bulk of his $2.1 billion fortune (as of Forbes' last count) selling publicly traded Addax Petroleum to Sinopec in 2008 for $7.2 billion. And this week he finally returned to the public markets, bringing in $250 million through the initial public offering of 17% of the company's shares on the Toronto Stock ...