Oaktree Capital Group, LLC global investment management firm focused on alternative markets, announced the pricing of its initial public offering of 8.84 million shares at $43.00 per Class A unit, the bottom of the proposed range.
Of the Class A units to be sold in the offering, Oaktree is offering 7.89 million Class A units and the selling unitholders are offering 954 thousand Class A units.
In an amended regulatory filing with the U.S. Securities and Exchange Commission, the company had expected to offer 11.25 million units at $43 to $46 per share.
Oaktree's Class A units will begin trading on the New York Stock Exchange under the symbol "OAK" on April 12, 2012.
In addition, the underwriters have been granted a 30-day option to purchase up to an additional 1.18 million Class A units from Oaktree and 143 thousand Class A units from the selling unitholders.
The Los Angeles-based asset manager said it will not retain any of the proceeds from the sale of Class A units by the selling unitholders and will use its offering proceeds to acquire interests in the company's business from Oaktree's principals, employees and other investors.
Goldman, Sachs & Co. and Morgan Stanley are acting as joint global coordinators and BofA Merrill Lynch, Credit Suisse, Deutsche Bank Securities and J.P. Morgan are acting as joint bookrunners for this offering.
Oaktree had $74.9 billion in assets under management as of Dec. 31, down from $82.7 billion a year earlier.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.