Seeking Alpha

Ares Management prices IPO at $19 per unit

  • With the private-equity business in high cotton, Ares Management (ARES) hits the public markets with an 11.36M common unit offering, raising about $216M. The firm - whose portfolio includes Ares Capital (ARCC) and Ares Commercial Real Estate (ACRE) - is headed by Tony Ressler, an alumnus of Drexel Burnham and Apollo Global, where he worked alongside brother-in-law Leon Black.
From other sites
Comments (2)
  • thais123
    , contributor
    Comments (10) | Send Message
     
    What does high cotton mean?
    5 May, 12:16 AM Reply Like
  • Adam Silber
    , contributor
    Comments (6) | Send Message
     
    ARES owns half of disgraced retailer Neiman Marcus. It may mean their stock offering is overpriced.
    5 May, 03:49 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector