Wednesday, June 20, 2007

Blackstone to Price Thursday Night at $29-$31

It looks like it is time for Blackstone to IPO starting Friday.
The Blackstone Group L.P. confirmed its initial public offering of
common units will price Thursday night at a range of $29 to $31 per unit and
begin trading Friday.The offering was originally scheduled for next week.

It should be an interesting day of trading for it. I wonder when options are going to trade on it though so I can hedge downside if I consider pulling the trigger.

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