Friday, June 22, 2007

Blackstone raises $4.1 billion

(Reuters) - The pricing, closely watched by regulators and financial markets worldwide, proved demand for the offering was heavy despite pressure from Congress.




Blackstone's planned opening on the New York Stock Exchange on Friday is a watershed event for the booming private equity industry as it is the first major U.S. buyout firm to take part of itself public. Blackstone will trade under the symbol "BX".


Read more at Reuters.com Hot Stocks News

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