(Bloomberg) -- Blackstone Group LP, abandoning 22
years of private ownership, now faces increasing scrutiny from
U.S. and British lawmakers who want the buyout firm to pay more
taxes.
Blackstone raised $4.13 billion yesterday in the biggest
U.S. initial public offering in five years, selling a 12.3
percent stake that values the company at $33.5 billion. It sold
partnership units at $31 each, the top of the range used to
market the securities. The New York-based firm will use the
money to expand its buyout and asset-management units, and pay
founders Stephen Schwarzman and Peter G. Peterson a combined
$2.33 billion.
Read more at Bloomberg Bonds News
years of private ownership, now faces increasing scrutiny from
U.S. and British lawmakers who want the buyout firm to pay more
taxes.
Blackstone raised $4.13 billion yesterday in the biggest
U.S. initial public offering in five years, selling a 12.3
percent stake that values the company at $33.5 billion. It sold
partnership units at $31 each, the top of the range used to
market the securities. The New York-based firm will use the
money to expand its buyout and asset-management units, and pay
founders Stephen Schwarzman and Peter G. Peterson a combined
$2.33 billion.
Read more at Bloomberg Bonds News
No comments:
Post a Comment