Carlyle IPO watch: According to sources, the private equity giant Carlyle Group seeks to command a market value of $7.5 billion to $8.0 billion in an IPO (initial public offering).
The sources said this amount is 25 percent lower than the estimated market value of Carley when this Mubadala, Development Co. increased the shares in the former in 2010. This difference indicates that the group hopes to attract more investors through the IPO.
The private equity giant said it will sell a 10% stake through the public offering, according to the regulatory filing previously submitted to the U.S. SEC (Security And Exchange Commission) on April 3, 2012. The existing equity owners will continue to hold about 90% of the interests of the Carlyle Group’s holding entity after the listing. The company managing over $147 billion of assets has proposed to raise $100 million, but this estimated data does not represent the actual scale of the shares sales.