Private-equity firms are having a veritable field day selling shares in follow-on offerings. WSJ...

|By:, SA News Editor

Private-equity firms are having a veritable field day selling shares in follow-on offerings. WSJ reports Bain, KKR (KKR), Apollo Global (APO), and others unloaded more than $20B worth of shares in 50 offerings during Q1 alone, a 100% Y/Y increase and a record for a single quarter. These guys "know what they're doing," one wealth management VP told the Journal, "I would look at it as … evidence that stocks are more likely to go down than up."