Washington, DC – In one of the region’s largest IPOs ever, DC-based The Carlyle Group, the large private equity firm, saw its stock price remain flat on Thursday during its first day of trading after its initial public offering (IPO). The IPO, which raised $671 million for the company with a market value of about $7 billion, was priced at $22 per share.
Click here [CG] for the latest stock price.
The company, founded in DC in 1987 with $147 billion of assets currently under management, is one of the largest private equity and buyout firms in the world. It includes AMC Entertainment, Focus Media Holdings, Hyundai Communications & Network, LBI International, Viator, the Nielsen Co. and many other companies of interest to the digital media industry among its portfolio holdings.
Carlyle’s co-founders – William Conway, Daniel D’Aniello and David Rubenstein – each have stakes in the company valued at more than $1 billion.
This article was also published in Potomac Tech Wire.
Related links:
Carlyle Group – official site
Carlyle Group – press release
Photo by Flickr user AMagill, used under Creative Commons license
