(Reuters) - Blackstone Group sold $4.1 billion of stock last
month in the largest U.S. initial public offering in five
years. The sale generated big bucks for Blackstone's
principals, but at a cost.
Critics said Blackstone co-founders Stephen Schwarzman and
Peter Peterson were cashing out at the peak of the buyout boom.
The hype surrounding the Blackstone IPO may have attracted the
attention of legislators, who are looking at closing a tax
loophole for partnerships like Blackstone that sell shares to
the public.
Read more at Reuters.com Mergers News
month in the largest U.S. initial public offering in five
years. The sale generated big bucks for Blackstone's
principals, but at a cost.
Critics said Blackstone co-founders Stephen Schwarzman and
Peter Peterson were cashing out at the peak of the buyout boom.
The hype surrounding the Blackstone IPO may have attracted the
attention of legislators, who are looking at closing a tax
loophole for partnerships like Blackstone that sell shares to
the public.
Read more at Reuters.com Mergers News
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