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COFES Blog
Jun
25
Written by:
Russ Henke
6/25/2007 4:14 AM
Some readers of yesterday's blog entry may be wondering if they might have missed the chance to ride the first day's price appreciation (over 13% in 8 hours) -- if only they had acted on Thursday June 22, the day before the Blackstone Group's IPO. Not to worry. It would have been difficult, since most Blackstone shares were already snapped up by money managers and big financial institutions.
But, hey, the stock is now publicly traded -- you can take your chances on future Blackstone appreciation -- call your broker! And remember, having watched what the Blackstone Group just did, other "alternative investment funds" may now choose to go public, such as KKR, The Carlyle Group, and more.
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