Sunday, March 18, 2007

Blackstone plans to go public

Private equity firm Blackstone group is expected to go public. They are planning to offer 10% of the company thru IPO. Fortress hedge fund's recent successful IPO triggered lot of enthusiasm among financial crowd.

On top of it, Blackstone may think that financial market is peaked, it may be the right time for them to sell the shares. These guys are very smart guys, they took companies like Hertz, Burger King private and improved the performance of these companies.

This IPO offer good opportunity to experienced investors. We can get a piece of private equity game. It's not risk-free. If these guys screw up, investors will be in hot water. But, if history is any indication, investors will be rewarded.

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