The Carlyle Group, a global alternative asset management firm with $147 billion AUM, announced terms for its IPO on Monday. The Washington, DC-based company plans to raise $732 million by offering 30.5 million units at a price range of $23 to $25. At the midpoint of the proposed range, The Carlyle Group would command a market value of $7.7 billion. The Carlyle Group, which was founded in 1987 and booked $2.8 billion in sales in 2011, plans to list on the NASDAQ under the symbol CG. There are 11 bookrunners and 10 co-managers on the deal, for which J.P. Morgan, Citi and Credit Suisse are acting as representatives.
