Friday, June 22, 2007

DealTalk: Success of Blackstone IPO spurs rivals into action

(Reuters) - That caution quickly changed in recent days, when demand for Blackstone's initial public offering soared, with bankers and investors saying the IPO was six to seven times oversubscribed.




The heavy demand convinced firms such as Kohlberg Kravis Roberts & Co. and TPG Capital that the prospect of a higher tax burden was not enough to sap demand.


Read more at Reuters.com Mergers News

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