More on the downside to IPO investors

Private equity firm Carlyle Group LP went public today raising $671 million in its initial public offering and making its three founding partners billionaires. The issue was priced below the marketed range however, after struggling to win investors wary of the track record of publicly traded buyout firms. More evidence of the investor dupe of IPO’s can be found in considering the after-IPO performance of some of the other much-hyped deals sold to the public over the past few years as shown below. Typically sellers and their broker/promoters get big bucks while investors get big hype and big hurt. See Carlyle Prices IPO Below Range.

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