IPOS
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Bloomberg: Carlyle Now Expects Pricing IPO At $22-$23/unit, Below Prior Range

RELATED NEWS
Trade CG now with 
5/2/2012 9:43 AM ET

Carlyle Group LP now expects pricing initial public offering of its common stock at $22-$23 per unit range, the Bloomberg reported. Earlier, the company had said in a filing that it expected pricing the IPO between $23.00 and $25.00 per common unit.

The midpoint of Carlyle's price range of $23 to $25 a share values the firm at about 8.3 times the prior yaer's distributable earnings of $881.6 million, adjusted for the effects of the IPO and the acquisition of AlpInvest Partners NV, the report noted.

Carlyle Group's common units have been approved for listing on the NASDAQ Global Select Market under the symbol "CG."

Click here to receive FREE breaking news email alerts for The Carlyle Group L.P. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus