(Reuters) - NEW YORK, May 21 - Blackstone Group LP [BG.UL] on
Monday said it planned to raise as much as $7.75 billion from
selling stakes to the public and to China, in perhaps the
year's most eagerly awaited U.S. initial public offering.
In a filing with the U.S. Securities and Exchange
Commission, the private equity firm said it plans to offer
133.3 million common units at $29 to $31 each, for proceeds of
$3.87 billion to $4.13 billion. The IPO may grow to $4.75
billion if another 20 million units are sold to meet demand.
Read more at Reuters.com Market News
Monday said it planned to raise as much as $7.75 billion from
selling stakes to the public and to China, in perhaps the
year's most eagerly awaited U.S. initial public offering.
In a filing with the U.S. Securities and Exchange
Commission, the private equity firm said it plans to offer
133.3 million common units at $29 to $31 each, for proceeds of
$3.87 billion to $4.13 billion. The IPO may grow to $4.75
billion if another 20 million units are sold to meet demand.
Read more at Reuters.com Market News
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