Griffin Rules Out Citadel Securities IPO in ‘Foreseeable Future’

Citadel Securities founder Ken Griffin said the market-making firm won’t go public anytime soon amid the “quilt work” of regulatory burdens put on listed firms.

“We are not focused on going public in the foreseeable future,” Griffin said in an interview at the Economic Club of New York. “We’re focused on building the business, on investing in our future. And we do believe that there are benefits to being private during this period of very, very rapid growth.”

The comments follow Citadel Securities Chief Executive Officer Peng Zhao, who said in October that the prospect ...