Carlyle targets $762m in IPO
The Carlyle Group is seeking to raise as much as $762.5 million through its initial public offering. This would value the company at up to $7.6 billion, less than half the current market capitalization of The Blackstone Group and more than $2 billion behind KKR.
According to a regulatory filing, Carlyle will offer 30.5 million shares at $23-25 each. This amounts to 10% of its enlarged share capital, and underwriters have the option to purchase an additional 4.57...
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