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Carlyle IPO: Stock up slightly in Nasdaq debut after late trading start

by Thomas Heath
Publication: The Washington Post

May 3, 2012


After The Carlyle Group got a late start in its debut on the Nasdaq index on Thursday, the company’s shares were holding slightly above the $22 offering price in early afternoon trading.

Share prices remained steady from the firm’s opening trade, with no drop or significant increase, as the firm fought perceptions that the private-equity industry is a challenging one for investors.

“Not a big surprise,” said TimLoughran, finance professor at the University of Notre Dame who specializes in private equity and initial public offerings. “The market is not interested in the stock. In the past, [Carlyle] made a lot of earnings, but going forward, the market has a limited sense on whether they can continue to make these great deals like Dunkin’ Donuts and Hertz.”

Others cautioned not to read too much into the stock’s behavior on its first day.

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