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More details are out about the Blackstone IPO. We already know they snagged BX for a ticker symbol (Eddy's coolness rating = 8). The company plans to offer the shares in the range of $29 to $31 (coolness rating = 6; $18 to $20 is tops). At $31, it would value the company at $33.6 billion, that's about three times larger than Fortress (coolness rating = 4).

Also, Blackstone is buddying up with the Commies:

Blackstone announced the IPO terms one day after saying China would take a $3 billion stake at a 4.5 percent discount. Beijing would hold its stake at least four years.

Yes, it's always good to have the Communists on your side. Especially if you're planning any more hostile takeovers. Taiwan, for example.

Posted by edelfenbein at May 21, 2007 9:54 AM