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April 11 (Reuters) – Private equity firm Oaktree Capital
Management sold less shares than expected in its IPO
and priced at the bottom of their expected range on Wednesday, a
market source said.
The Los Angeles-based firm, which had $75 billion of assets
under management as of the end of 2011, priced 8.84 million
shares at $43. The offering raised $380.3 million.
It had intended to sell 11.3 million shares at a range of
$43 to $46.
