PE firm Ares' IPO likely to raise up to $419 mln
April 22 (Reuters) - Credit investment and private equity firm Ares Management LP's initial public offering is expected to raise up to $419 million, the company said in a filing with the U.S. Securities and Exchange Commission on Tuesday.
The offering of 18.2 million shares is expected to be priced between $21 and $23 per share. (r.reuters.com/gyt68v) (Reporting by Amrutha Gayathri in Bangalore; Editing by Sriraj Kalluvila)
What fish fossils teach about the joy of sex; a new device warns when the elderly fall; and California cracks down on sprinkler users. Amy Tennery's coverage picks. Full Article