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Blackstone Files Estimated $4B IPO

NEW YORK CITY-The public offering comes after years of Blackstone's significant presence taking public firms private. The firm plans to be listed on the New York Stock Exchange.

By Katie Hinderer | Updated on March 22, 2007

NEW YORK CITY-The Blackstone Group LP has filed an initial public offering with the Securities and Exchange Commission. The company, which has been taking a number of companies private in the past year, will list its shares on the New York Stock Exchange.

Various reports put Blackstone’s IPO at 10% of the company’s full worth, or roughly $4 billion. A spokesperson for Blackstone declined to comment on the amount.

Morgan Stanley & Co. Inc. and Citigroup Global Markets Inc. are the global coordinators and underwriters of the transaction. Additionally, Merrill Lynch, Pierce, Fenner & Smith Inc., Credit Suisse Securities LLC, Lehman Brothers Inc. and Deutsche Bank Securities Inc. will be the joint book-running managers.

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