Recent IPO Oaktree Capital Continues Trading Below $43 Pricing
Posted on Friday, April 13th, 2012 | In Current Market News
Contributed by: Benzinga Staff (http://www.benzinga.com) -
The world's largest investor in distressed-debt, Oaktree Capital (NYSE: OAK), continues to disappoint Carlyle Group's IPO division. Carlyle Group's IPO roadshow begins next week, but private firms like Oaktree Capital have not found a large amount of investor interest. There is also waning overall interest in IPOs, with one issuance delayed this week (Aleris) and another one pulled altogether (BrightSource Energy). OakTree Capital barely made it through, pricing at the bottom end of its estimated pricing range.
Indeed, Jim Cramer of CNBC
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