Sunday, May 27, 2012

The Price of Carlyle's IPO: Founders' Holdings Revealed

Carlyle Group co-founder David Rubenstein is the public face of the private equity underwriter.  Rubenstein had to reveal his holdings once Carlyle went public at $22 per share.  CG rallied Friday to close at $21.51. 

At that price Rubenstein's partnership interest of nearly 47 million units is valued at $1,010,962,342.  Fellow co-founders William (Bill) Conway and Daniel D'Aniello hold a similar interest.