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Carlyle Offers IPO at a 62% Discount to Competitor

Carlyle Group LP (CG) is out to replicate the performance of companies it has taken public with its own share sale this week. Doing so would make it the only U.S. buyout firm trading above its initial offering price.

To entice investors, the Washington-based private equity manager is offering shares at a 62 percent discount to Blackstone Group LP (BX), data compiled by Bloomberg show. The IPO price is designed to provide the maximum potential return for investors, co-founder David Rubenstein told prospective shareholders at a presentation in New York last week…”

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