Investments
Apr. 14, 2012
Oaktree IPO off to a weak start
Oaktree Capital Group LLC , the largest private equity firm in California, dropped in its first day of trading after raising $380.2 million in a downsized initial public offering.
Daily Journal Staff Writer
Shares of Oaktree Capital Group LLC, the largest private equity firm in California, dropped in their first day of trading after raising $380.2 million in a downsized initial public offering.
The company sold just under nine million shares at $43 apiece on Wednesday night before starting to trade on Thursday. Shares opened below the IPO price at $41 and closed at $42.39. Earlier this week, the privat...
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