Blackstone Booms on Its First Day of Trading

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Capitalizing on the private-equity wave, The Blackstone Group saw its shares soar in their IPO on Friday, even though the broader market skidded lower.

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  1. [...] years ago, China plunked down $3 billion for a stake in The Blackstone Group LP (NYSE: BX), the U.S. private-equity powerhouse, after which the China Development Bank anted up $3.03 billion for a piece of Barclays PLC (NYSE [...]