Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Friday, June 22, 2007

Blackstone Goes Public

Despite calls this week from Congressmen to postpone its IPO because of tax and security concerns, Blackstone Group goes public today, having sold its shares at $31 per share, for a total of $4.3 billion.  The speculatation is that rival Kohlberg Kravis Roberts will be next.  See NYTimes, Blackstone Rival Plans Own I.P.O.; WSJ, Blackstone's Green Day.

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