(Reuters) - NEW YORK, June 22 - Blackstone Group LP units
rose 15 percent in their first day of trading on Friday, as the
first major U.S. private-equity firm went public and minted
billions of dollars of new wealth for its founders.
The highly anticipated issue shot up as much as 23 percent to
$38.00 in early trade on the New York Stock Exchange. But the
units then fell from the high and dipped below the opening price,
indicating some investors sold on concerns of higher U.S. taxes or
worries whether the ideal conditions of recent years would
persist.
Read more at Reuters.com Bonds News
rose 15 percent in their first day of trading on Friday, as the
first major U.S. private-equity firm went public and minted
billions of dollars of new wealth for its founders.
The highly anticipated issue shot up as much as 23 percent to
$38.00 in early trade on the New York Stock Exchange. But the
units then fell from the high and dipped below the opening price,
indicating some investors sold on concerns of higher U.S. taxes or
worries whether the ideal conditions of recent years would
persist.
Read more at Reuters.com Bonds News
No comments:
Post a Comment