Carlyle to raise $1bn in weak IPO market Carlyle, the private equity firm with $108bn under management, plans to raise more than $1bn with a initial public offering of stock but is likely to come to the market with a lower-than-expected valuation, according to bankers familiar with the matter.
Carlyle this month selected Citigroup, Credit Suisse and JPMorgan Chase to lead the offer. Generally, firms file their registration statements within two or three months of selecting bankers, which suggests that Carlyle could list as soon as September if market conditions allow.
http://link.ft.com/r/UXDMSS/5VC0M6/QFRUDM/40BS44/M9EPXP/ZH/h?a1=2011&a2=6&a3=23
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