The Carlyle Group's units broke below their IPO price of $22 per share. The
WSJ reported on the matter by citing an earlier story:
People familiar with the matter said the lead bank on the
deal, J.P. Morgan Chase & Co., helped keep the shares in the black.
WSJ went on to say:
J.P. Morgan must have been earning their keep. The stock barely budged during its first four days as a publicly traded company.
Carlyle co-founder David Rubenstein
promised a pop, although he suggested it would be positive for investors. CG fell on low volume. Oddly, deeper discounts didn't bring more buyers.
