Business Services Industry
Blackstone in the firing line on eve of listing.
Australasian Business Intelligence, June, 2007
Byline: Robert Guy
Jun 20, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Private equity group, Blackstone, is preparing to list on the New York Stock Exchange, after raising $US4.75 billion. In late June 2007, it appears that Blackstone and its adviser, Morgan Stanley, hope to use the strong subscriptions to the float to minimise the impact of the scrutiny the firm has recently received. Blackstone CEO, Stephen Schwarzman, has agreed to bring the listing date forward to 22 June. Schwarzman recently revealed he will emerge from the float with at least $US450 million.
Publication Date: 21 June 2007
THE BLACKSTONE GROUP LP
NEW YORK STOCK EXCHANGE
MORGAN STANLEY AND COMPANY INCORPORATED
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