Friday, June 22, 2007
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.