March 16, 2007
Blackstone Plans IPO
The Blackstone Group, the private equity firm that made news by winning the competition for Equity Office Properties Trust a few weeks ago, plans an IPO to sell 10% equity for approximately $4 billion. This follows the recent successful IPO of hedge fund Fortress Investments. See WSJ, Private-Equity Firm Blackstone Plans to Sell Stake to Public.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Blackstone Plans IPO:
It seems everyone, at least the jealous ones are into giving success a black eye no matter how illogical. Blackstones very success has been its willingness to put itself out on a limb for success. Given their procloclivity for success, one would give credit where credit is due. Swartzman and co. has done a magnificant job in management so far and if their history is any indication their ipo and their public debut should be a real success. In other words, you can't knock success!
Posted by: Don Henderson | Jun 18, 2007 1:23:26 PM