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Anyone here? We may want to discuss Blackstone's upcoming IPO. That, and this article:http://www.ft.com/cms/s/4b717f78-06fd-11dc-93e1-000b5df10621.html Sentineneve 06:51, 21 May 2007 (UTC)

[edit] China Buyout

http://news.bbc.co.uk/2/hi/business/6675453.stm should also get a mention, probably in its own section. Lifthrasir1 16:29, 21 May 2007 (UTC)

It's not a buyout, Blackstone went IPO and the Chinese government simply decided to buy some shares, less than 10% in fact. Of course the fear mongering is still highly recommended ;) 142.239.254.20 17:40, 5 July 2007 (UTC)

[edit] Blackstone IPO

In March, 2007, Blackstone announced it was pursuing an IPO which is now scheduled for today Thursday June 21, 2007. The IPO is reported to be already over subscribed 6x.

And in mid May, Blackstone announced as part of that IPO it had agreed to sell for $3 billion, a stake to the China Investment Company for up to 8% of Blackstone Group, LLC.

On June 14, 2007, the US Senate Finance committee proposed ending the tax loophole that allows private partnerships to pass along as capital gains, what would usually be considered as regular imcone e.g. from investing, esp trading operations (see inside copy of IPO offering prospectus for asset breakout). That proposed Senate bill esp applys to such private partnerships doing an IPO and perhaps grandfathering in the Blackstone IPO.

Blackstone IPO sec filing: http://www.sec.gov/Archives/edgar/data/1393818/000104746907002068/a2176832zs-1.htm

Blackstone Press release for China investment: http://www.blackstone.com/news/press_releases/05-20-2007.pdf

Bloomberg annoucement of Proposed US Senate bill taxing private equity firms who do an IPO http://www.bloomberg.com/apps/news?pid=20601087&sid=aGvLQJ4uPKLc&refer=home

[edit] Bizarre

See link above to IPO SEC filing and see page 5 of that filing first full paragraph, 2nd sentence ... where Blackstone purports to require China to ask permission to make any investments... slightly overreaching perhaps ??

This is the most bizarre provision you will ever see forced on an unsuspecting new player to global capital markets...

and facially criminal... !

``tie reek whoo sani- dubai

Look at the connections Peter George Peterson and Schwarzman had. This is bollocks the comments that the firm started with just 400k. Those need to be removed. Magazines and newspapers are going to quote from these pages and it's important that the public knows that it wasn't 400k

These boys are coming from very wealthy families and just mentioning those families names at banks would get you a 10 million dollar credit line and what not.

Those two guys are in the same category as the Bush's, Rockfeller's, Heinz families prior to there fortunes being made

I mean cmon, they were in SKull and Bones .. That tells you something

You can't even start a gas station with 400k let alone a private equity firm (taking into account inflation)

Someone should put a blip in the page stating that many articles on the internet suggest the firm began with '400k' but in actuality that number is grossly understated. IT really is like saying I'm going to start a telecommunication company with 1 million dollars. Journalists and there misrepresenting to sell copies of there newspapers piss me off