Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Reports: Carlyle Looks For $7.5-$8 Bln Valuation In IPO

Carlyle Group LP plans to raise $7.5 billion to $8 billion as it sells a 10 percent stake in an initial public offering announced last month, reports said Tuesday. The private equity firm is expected to initiate a marketing campaign as soon as next week to muster support for its offering from potential investors.

The company is reported to send three teams on a global marketing tour with each team including one of the company's three founders. However, if the stock market continues to fall and investors do not pay much attention to Oaktree Capital Group LLC's IPO, Carlyle may delay the roadshow.

The IPO is expected next month. Carlyle has not fixed a price range for the offering. The company's stock will trade on the Nasdaq stock market under the ticker symbol CG.

Carlyle has $147 billion in assets under management. Its peer Blackstone Group LP (BK) raised about $7 billion in a 2007 IPO in which it sold a 24 percent stake.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Toyota Motor Corp. (TM, TYT.L) Thursday announced 1.1 percent decline in worldwide production for October, as there was a sharp decline in production of passenger cars in Japan. Production outside Japan improved 2.3 percent. In a separate announcement, the Japanese automaker said it will recall more... Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.