Carlyle Group, the second-biggest U.S. private-equity firm, will seek a valuation of $7.5 billion to $8 billion in its initial public offering, according to people with knowledge of its plans.
Carlyle plans to sell a stake of about 10 percent in the IPO and will start marketing the deal to investors as early as next week, said the people, who asked not to be identified because the information is private. The Washington-based firm, which has been gauging public interest since last year, is targeting its share sale in early May, said another person.
Carlyle, which has been weighing a public offering since 2007 and put those plans on hold because of the global financial crisis, may delay the roadshow if investors aren’t receptive to Oaktree Capital Group LLC’s IPO, scheduled for today, and if the stock market continues to decline, said one of the people. The Standard & Poor’s 500 Index fell for a fifth straight day yesterday, its longest losing streak since November.