logo
Share SHARE
FONT-SIZE Plus   Neg

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
General Electric Company (GE) reported second-quarter industrial operating plus verticals EPS (Non-GAAP) of $0.28, a decrease of 45% over prior year. On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.25 for the quarter. Analysts' estimates typically... Belgian brewer Anheuser-Busch InBev NV or AB InBev on Thursday said it is acquiring Hiball Inc., a San Francisco-based maker of organic energy drinks and carbonated juices and water. The company did not disclose the terms of the deal. Denver, Colorado based low-cost carrier Frontier Airlines will expand its services to 21 cities. The airline which serves 80 cities in the U.S., Mexico and the Dominican Republic is planning to add 85 new routes.
comments powered by Disqus
Follow RTT