Thursday, June 21, 2007

CORRECTED: Blackstone raises $4.1 bln

(Reuters) - NEW YORK - Blackstone Group LP priced its initial public offering at the top end of the range on Thursday, even as lawmakers pushed for its delay, raising $4.13 billion in the largest U.S. IPO in five years.




The pricing, closely watched by regulators and financial markets across the globe, proved that demand for the offering was heavy, despite pressure from Congress.


Read more at Reuters.com Business News

No comments: