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ID: 29892
Title: Blackstone's Schwarzman embraces IPO (AP)
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Tony James, President of Blackstone Group LP, speaks during the Reuters Investment Banking Summit in New York, November 14, 2006. The private equity firm filed with regulators on Thursday for an initial public offering of up to $4 billion of common units. (Keith Bedford/Reuters)AP - Blackstone Group LP, one of the world's biggest private equity firms, on Thursday said it seeks to raise up to $4 billion in a highly anticipated initial public offering. The New York-based firm, known for multibillion dollar takeovers such as February's buyout of Equity Office Properties, announced its intentions to go public in a filing with the Securities and Exchange Commission. The firm plans to list on the New York Stock Exchange.


Category: Business/Stock Markets/
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Date Added: March 23, 2007 04:40:26 AM
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