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The Carlyle Group sets terms for $732 million US IPO

By Renaissance Capital,  April 16, 2012, 09:14:31 AM EDT

The Carlyle Group, a global alternative asset management firm with $147 billion AUM, announced terms for its IPO on Monday. The Washington, DC-based company plans to raise $732 million by offering 30.5 million units at a price range of $23 to $25. At the midpoint of the proposed range, The Carlyle Group would command a market value of $7.7 billion. The Carlyle Group, which was founded in 1987 and booked $2.8 billion in sales in 2011, plans to list on the NASDAQ under the symbol CG. There are 11 bookrunners and 10 co-managers on the deal, for which J.P. Morgan, Citi and Credit Suisse are acting as representatives.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, IPOs

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