JPMorgan Chase & Co., Citigroup Inc. and Credit Suisse Group AG landed lead roles managing the initial share sale for Carlyle Group LP, taking one of the last major private-equity firms public in a faltering market.
The mandate may give the banks a boost among underwriters as companies and their bankers struggle to complete deals. JPMorgan currently ranks third for U.S. IPOs, while Citigroup ranks fourth and Credit Suisse is eighth, according to data compiled by Bloomberg.
