Blackstone set for takeoff on Friday

Posted Jun 19th 2007 11:00AM by Tom Taulli
Filed under: Private Equity, Blackstone Group L.P (BX)

Over the past week, it looked like there was trouble brewing for the upcoming IPO of Blackstone. After all, the Senate has been preparing legislation to tax publicly traded partnerships.

Then again, the tax will not take affect until five years. And, in the IPO world, that's is an eternity.

Well, it now looks like the Blackstone IPO is on the fast track and is slated to be priced on Thursday. This likely means the firm's shares will start trading on Friday.

Hey, maybe the fact that Congress is concerned is a telltale sign that Blackstone is a powerhouse, right?

It does look that way. So, expect lots of fireworks at the end of the week.

The proposed ticker for Blackstone is "BX."

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.

Tags: blackstone, Blackstone IPO, BlackstoneIpo, bx, ipo