Thursday, 21 June 2007

Blackstone IPO draws high non-U.S. demand: report

(Reuters) - The flotation on the New York Stock Exchange, worth up to $4.75 billion and underwritten by Morgan Stanley and Citigroup, is set to be priced later on Thursday. Blackstone earlier said it expects to sell 133.3 million common units at $29 to $31 each.




The banks will be permitted to sell an additional 20 million shares to meet excess demand.


Read more at Reuters.com Business News

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