Saturday, June 23, 2007

Biggest initial public offering in five years

The biggest initial public offering in five years happened yesterday with the launch of Blackstone Group to I'd say a nice successful starting up with the stock rising to $38 on a volume of 113 million shares. The stock closed at $35. Private equity firms are starting to go public with stock options but it's felt that Blackstone's success Friday will make even more of them considering this type of a move...

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