Blackstone-d: Behind a Monster IPO Flop

The massive Blackstone IPO last year was an epochal moment along at least three dimensions. First, it was a gigantic IPO, the sixth largest in U.S. history. Second, it represented a near-term market top in private equity. And third, the stock collapsed post-IPO, falling by half since, turning this biggest IPO into a big headache for investors.

The good folks at Breakingviews were appropritely skeptical at the outset, and have done a nice of covering Blackstone’s becoming "Blackstone-d) in realtime. They’ve now wrapped the whole package up in a book-like format, which you can check out here.

Related posts:

  1. Fun with the Blackstone S-1
  2. Blackstone IPO to be Delayed?
  3. Bad Week for Blackstone: Augury for KKR IPO?
  4. Blackstone Calls Mortgages "Scary" and a "Black Hole"
  5. Scary Times for Monster


  1. pwb says:

    What are you getting when you buy a piece of a hedge fund’s operations?