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June 30, 2007

Bad Week for Blackstone: Augury for KKR IPO?

In case people aren't paying attention in all the iPhone euphoria, other things are going on in financial markets. Among them, Blackstone broke through its IPO pricing this week, tumbling to a Friday close of $29.27, and the stock losing 11.5% in the last five trading days.


It will be interesting to see what happens to chatter of IPOs from KKR and others of the PE ilk given this tepid reception.

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