Private equity major Carlyle is preparing a $500 million IPO for Highway Roop Precision Technologies, appointing multiple investment banks as lead managers. The issue, largely an offer for sale, could value the company at $2 billion, as Carlyle looks to monetise its stake in the auto-components platform.

Private equity major Carlyle is preparing a $500 million IPO for Highway Roop Precision Technologies, appointing multiple investment banks as lead managers. The issue, largely an…

Carlyle has appointed GS, Nomura, and Axis as lead managers for the $500 million IPO of Highway Roop Precision Technologies, targeting a valuation of $2 billion.