Well the wait is over. The Blackstone Group LP is set for its IPO today, raising $4.13 billion dollars, the largest US IPO in some five years. It is also the 6th largest US IPO in history, which puts it behind AT&T, Kraft, UPS, CIT Group and Conoco. Interestingly, four of the top five largest US IPOs (excluding UPS) were all the result of spin-offs, showing that there is much money to be made in break-ups. And of course, none of these IPOs managed to top the largest IPO in history--that honor goes to the Industrial & Commercial Bank of China, which raised $19 billion in its IPO last year.
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8345157d569e200e008ca3f768834
Links to weblogs that reference Blackstone IPO Set to be one of the largest:
1. Posted by 2L on June 22, 2007 @ 9:56 | Permalink
How does an initial public offering of a large spinoff's shares mean there is much "money to be made" in spinoffs? Are you simply saying that companies with large values realizing those large values is what you consider to 'making much money?'
You might be interested to learn that is it the smallest spinoffs that provide the largest likelihood of experiencing a sufficient margin of safety for the individual investor:
http://www.amazon.com/You-Can-Stock-Market-Genius/dp/0684840073
This occurs for a number of obvious reasons. Enjoy
- Jake on Goodbye blaw
- Joe on Goodbye blaw
- Anon on SpongeBob at
- Former Customer on Talbots & J.
- Lutz Barz on Jack Welch,
- Jake on Mixed Signal
- ohwilleke on Another Look
- ohwilleke on Co-ops to th
- ohwilleke on Simplicity L
- ohwilleke on Jack Welch,
Or get posts from The Glom on
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |||
| 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| 12 | 13 | 14 | 15 | 16 | 17 | 18 |
| 19 | 20 | 21 | 22 | 23 | 24 | 25 |
| 26 | 27 | 28 | 29 | 30 | 31 |
