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.
Blackstone Booms on Its First Day of Trading
By , Money Morning •
Blackstone Booms on Its First Day of Trading
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[…] I’ve ever seen,” said Peter G. Peterson, co-founder of the private equity firm The Blackstone Group LP (BX), who was head of Lehman in the 1970s and a secretary of commerce in the Nixon administration […]
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[…] 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 […]
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[…] growing reserves have induced it to create a state-run private equity fund to buy into ventures in other […]
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[…] of you who stopped counting. Even if most of this capital gets invested through private deals like China’s $3 billion investment in The Blackstone Group LP (NYSE: BX) in May or the Barclays deal, it still allows Blackstone to […]
[…] I’ve ever seen,” said Peter G. Peterson, co-founder of the private equity firm The Blackstone Group LP (BX), who was head of Lehman in the 1970s and a secretary of commerce in the Nixon administration […]