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Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman Brothers.
The list excludes large privately held companies such as Cargill and Koch Industries whose financial data is not necessarily available to the public. However, this list does include several government-sponsored enterprises that were created by acts of Congress and later became publicly traded.
Schwarzman's Blackstone Group completed the first major IPO of a private equity firm in June 2007. [2] On March 22, 2007, the Blackstone Group filed with the SEC [3] to raise $4 billion in an initial public offering. On June 21, Blackstone swapped a 12.3% stake in its ownership for $4.13 billion in the largest U.S. IPO since 2002.
Blackstone Reports Record Full Year Revenue, Assets Under Management, and Public Company Earnings NEW YORK--(BUSINESS WIRE)-- Blackstone (NYS: BX) today reported its full year and fourth quarter ...
Blackstone's (BX) CEO Steve Schwarzman told his investors in a letter that his private equity firm may take as many as eight of its firms public. According to the Financial Times, the letter said ...
Blackstone is one of the world's leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies ...
The percent of the stake owned by Blackstone also fell to 40%, compared to Fink's staff. [16] By 1992, Blackstone had a stake equating to about 36% of the company, and Stephen A. Schwarzman and Fink were considering selling shares to the public. [17] The firm adopted the name BlackRock, and was managing $17 billion in assets by the end of the year.
Executives at Blackstone said the pipeline of companies looking to do initial public offerings is now double of where it was a year ago, adding that large, profitable companies can go public.