June 22, 2007
Blackstone IPO Set to be one of the largest
Posted by Lisa Fairfax

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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