Monday, May 21, 2007

Blackstone Set to Be Biggest IPO of 2007

And I will probably try to get in on this one early. Blackstone seems like a very well run company whos stock could be up big in a few months.
"Blackstone is a heck of an organization, which has built enormous
franchise value and barriers to entry for rivals," said Jeff Schappe, chief
investment officer at BB&T Asset Management in Raleigh, North Carolina. "It
is still able to take companies private at relatively attractive valuations.
That should give it a premium valuation (in an IPO)."

I wish they could give us an exact date though so I can put it into my calendar.

1 comment:

Anonymous said...

Joe. Let me get into this action when shares are available to buy. I already own one Blackstone income product. Thanks. Dad