Economy/Business News Alert: Carlyle Group prices IPO shares at $22

Wednesday, May 2, 2012

   
The Washington PostWednesday, May 2, 2012 6:28:48 PM
ECONOMY/BUSINESS NEWS ALERT

Carlyle Group prices IPO shares at $22


The Carlyle Group will sell shares in its firm on the Nasdaq Thursday at a price of $22 per share, a slight drop from what the firm had hoped in its highly-anticipated initial public offering.

The IPO price values Carlyle at around $6.7 billion. Since its three co-founders together own 51 percent of the company, their stakes would be worth more than $1.1 billion each if the stock holds its value.



Read more at:
http://www.washingtonpost.com/business/economy/carlyle-shares-to-fetch-discounted-price-in-ipo/2012/05/02/gIQAuF7NxT_story.html



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