Will the G29 follow Blackstone and do an IPO?
Blackstone IPO of 20% of their shares has got everybody (from China to Wall Street) excited today. Si Transcentury do the same for NSE? This would ofcourse mean lifting the veil over their dealings and particularly who the full 29 dudes are...
6 comments:
I like this quote from this weekends USA Today.
"Schwarzman is a smart guy. If he is selling, I don't want to be buying," says Christopher Orndorff, managing principal at Los Angeles-based money management firm Payden & Rygel. "They are not selling at the bottom or in the middle."
Lets wait and see if KKR takes the cue. For now I won't read too much into the IPO.
Its only 20% so i guess all they are doing is good PR i.e. widen the shareholding to counter the current clamour for some form of regulation against private equity/lbo sector.
My pt was just how guys have bought into the whole industry despite the kind of risks involved
hope hol is good...
3 days after the Blackstone IPO,shares are trading below the ipo price.Source Bloomberg
Looks like Ssem called right...
Maina, At $7 billion market capitalization, BX has room to grow. It's too early to tell how much the current credit bubble will affect them.
One thing that I've realised is that people who know how to make money and have been doing so for a long time will always continue to make money. That said, if BX is not another enron of the credit bubble then you can be sure they will continue to churn money.
America is the money making capital of the world.
Post a Comment