Carlyle’s IPO Could Reach up to $1.2B

An upcoming initial public offering for the Carlyle Group could be worth up to $1.2 billion, Reuters reported, citing news from CNBC. Carlyle is currently holding meeting with with investment banks to pick the underwriters for its IPO, Reuters said.

(Reuters) – Private equity giant Carlyle Group [CYL.UL], which is preparing to go public, could launch an initial public offering of $750 million to $1.2 billion, CNBC reported on Wednesday.

Carlyle is holding meetings in New York with investment banks to pick the underwriters for its IPO, it said.

Late last month, sources told Reuters that Carlyle was looking to pick banks to underwrite its planned IPO in June.

Carlyle was not immediately available for comment. (Reporting by Paritosh Bansal, editing by Gerald E. McCormick)