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DC-Based Carlyle Sets IPO Range, Plans to Raise Up to $762.5M

The Carlyle Group, the large, DC-based private equity firm, plans to sell shares for between $23-$25 each when it goes pubic in the next few weeks, the company revealed Monday in a filing with the Securities and Exchange Commission (SEC). With 30.5 million shares for sale, the initial public offering (IPO) could generate up to $762.5 million and value the firm at as much as $7.6 billion. Carlyle, which first announced plans for the IPO in September, plans to list its shares on the Nasdaq Global Select Market under the symbol "CG."