Carlyle To Make The Big Jump With IPO
By Suman Chatterjee:That's pretty awkward. In this global economic meltdown, one of the most popular names in the private equity and investment industry is ready to launch an initial public offering. Yes, the Carlyle Group (CARL) filed with the SEC on September 6, 2010, for an IPO to join the ranks of Blackstone (BX) and KKR (KKR). What do you have to say about the timing? Well, I really don't know what the Carlyle management team has in mind, with releasing the IPO in such a disastrous market, when companies are trying their best to stay afloat and people are leaving no stones unturned to rise above the personal debt level. The consumer confidence index (CCI) is at its very bottom, and the release of an IPO couldn't have worse timing. Will Carlyle get a proper valuation? According to an article in the Moneycontrol, before the recession in 2007, it was estimatedComplete Story »
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