Friday, June 22, 2007

Blackstone jumps over 20 percent in debut

(Reuters) - The $4.13 billion offering, closely watched by Wall Street to Washington, was the largest U.S. IPO in five years and the sixth-biggest ever. People familiar with the offering said Blackstone shares were about seven times oversubscribed, indicating strong demand.




The IPO broke new ground for an industry that has become a driving force in global finance by pursuing ever-larger takeovers and raising record amounts of capital.


Read more at Reuters.com Hot Stocks News

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