Private-Equity King Blackstone To Test Roiling Public Waters |
Washington Post - Jun 22, 2007 |
Blackstone Group's business of buying and selling huge companies is all about making billion-dollar bets. And today, the private-equity giant is taking its biggest roll of the dice yet. In the face of a looming fight with Congress, labor union protests and other hype, the first shares of Blackstone will trade on the New York Stock Exchange under the symbol BX.
Shares are so oversubscribed that some Wall Street analysts fear that irrational exuberance will send investors tripping over themselves to get the first publicly traded piece of the private-equity boom.
Read Full Article from Washington Post
- Posted: 2007-06-22 10:24:48
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