Ares Dynamic Credit Allocation Fund in $320m IPO

By Angela Sormani — 3 years ago

Ares Management has announced the successful initial public offering of Ares Dynamic Credit Allocation Fund. The fund priced an offering of 16 million shares at a price of $20.00 per share, for a total issuance of $320 million. Shares will commence trading today on the New York Stock Exchange (NYSE) under the symbol ARDC.

Continue