On Tuesday the Street was buzzing about the next private equity firm about to go public.
Following in the footsteps of Blackstone, KKR and Apollo , now Carlyle Group has filed for an IPO with the stock expected to start trading in the first half of next year..
According to SEC data, Carlyle is planning an offering size of $100 million, but Street insiders says that may only be a placeholder amount with the offering potentially as large as $1 billion.
And that begs the obvious question – is this a sign of the top?
"Timing is everything," says Karen Finerman. "Here I think we're looking at the other side of the mountain," she says. In other words, rather than a top - Finerman thinks we may be looking at a bottom.