Carlyle is facing a tough market and if recent history is any guide, once it goes public, its shares will be volatile. Investors have been shattered by recent economic turmoil, and that fate has been amplified in the share prices of publicly traded private equity firms. Shares of Blackstone Group (BX.N) have lost more than half of their value since their June 2007 IPO. Apollo Global Management (APO.N) is down about 37 percent since its March IPO. Meanwhile, KKR (KKR.N), which transferred its listing to New York from Amsterdam in July 2010, is up by 15.5 percent. Charts of all three stocks show dramatic swings in share price. There is no reason for Carlyle to be any different. Private equity returns are notoriously volatile and Carlyle is heavily exposed: 36 percent of its revenue comes directly from its corporate private equity business.
The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 0.79% or $0.11/share to $13.95. In the past year, the shares have traded as low as $10.56 and as high as $19.63. On average, 4381970 shares of BX exchange hands on a given day and today's volume is recorded at 4317617.
Apollo Global Management, LLC (Apollo) is a global alternative asset manager. Shares of APO traded higher by 1.35% or $0.16/share to $12.00. In the past year, the shares have traded as low as $10.68 and as high as $19.00. On average, 275600 shares of APO exchange hands on a given day and today's volume is recorded at 164602.
Shares of KKR traded higher by 1.25% or $0.15/share to $12.13. In the past year, the shares have traded as low as $10.01 and as high as $19.16. On average, 2115550 shares of KKR exchange hands on a given day and today's volume is recorded at 2181742.
