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.
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