Friday, March 23, 2007

Private Equity Firm To Go Public

Blackstone Group is preparing to become the first major private equity firm to go public. The $4 billion IPO values Blackstone at $40 billion. But investors can only buy into Blackstone's management company, not the companies it owns, and they'll have limited voting rights. Blackstone's partners will remain in control, said Martin Mayer at the Brookings Institution.

[Thanks to CP for bringing this to my attention.]

No comments: