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.
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