Business News
Carlyle Group seeks IPO
Sep 6, 2011, 13:23 GMT
New York - Investment company Carlyle Group on Tuesday filed for permission to sell shares in an initial public offering (IPO) in a bid to join ranks with several competitors in an industry put on virtual hold by the international financial crisis.
In its filing with the US Securities and Exchange Commission, Carlyle registered for an IPO of 100 million dollars in the move which would pave the way joining the New York Stock Exchange with such rivals as Blackstone Group, KKR & Co. and Apollo Global Management.
But the final sum of the IPO could change later, and a specific date and eventual share price were not given.
Carlyle had been internally mulling an IPO since 2007, the year before the international financial crisis struck, bringing a halt to leveraged buyouts and preventing the group from proceeding on the plans, the financial agency Bloomberg reported.
By its own account, Carlyle currently is managing assets worth more than 153 billion dollars.
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