Carlyle Shops IPO at Lower Price Range

By James Kwak Recently, a lot of the political debate has been about whether private equity—and by extension Mitt Romney—is good or bad. The argument on one side is that private equity firms are vultures who destroy firms to make money; on the other, that private equity is just capitalism at work, creates value, and creates jobs.

NEW YORK (Reuters) - Carlyle Group LP plans to price its IPO between $22 and $23 per unit, lower than its initial $23-$25 range, a source familiar with the matter said on Wednesday, as the private equity firm courts stock market investors. The book has closed and orders have been received within the new price range for more than the 30.5 million shares on offer, the source said. Pricing of the initial public offering is expected after the market close on Wednesday, with trading starting on Thursday on Nasdaq, under the ticker symbol "CG" . A Carlyle spokesman declined to comment. ...

NEW YORK (Reuters) - Carlyle Group LP plans to price its IPO between $22 and $23 per unit, lower than its initial $23-$25 range, a source familiar with the matter said on Wednesday, as the private equity firm courts stock market investors.

The normally secretive private equity industry spent 2012 in the spotlight thanks to Mitt Romney‘s ill-fated presidential run, and some of these firms appear to be capitalizing on all the free press they received — literally. That’s right, the publicly traded private equity firm Carlyle Group — whose funds were once open only to the mega-rich — is now allowing the merely well-off to get in on the action.

The normally secretive private equity industry spent 2012 in the spotlight thanks to Mitt Romney‘s ill-fated presidential run, and some of these firms appear to be capitalizing on all the free press they received — literally. That’s right, the publicly traded private equity firm Carlyle Group — whose funds were once open only to the mega-rich — is now allowing the merely well-off to get in on the action.

The normally secretive private equity industry spent 2012 in the spotlight thanks to Mitt Romney‘s ill-fated presidential run, and some of these firms appear to be capitalizing on all the free press they received — literally. That’s right, the publicly traded private equity firm Carlyle Group — whose funds were once open only to the mega-rich — is now allowing the merely well-off to get in on the action.

(Reuters) - Private equity firm Carlyle Group has raised