The Blackstone Group has filed a preliminary prospectus for an initial public offering in which the private equity fund seeks to raise $4 billion. The company will be renamed Blackstone Holdings and will sell shares in its management company, not its investment funds. Blackstone said in its filing that it had earned over $6 billion in the past five years. Earlier this year, Blackstone acquired Equity Office Properties in the largest leveraged buyout in history. more [WSJ]
more [NYT]
Trending
Blackstone looks to raise $4B in IPO
Recommended For You