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Blackstone Honchos Cash In on IPO

Barbarians at the gate will arrive flush with cash—$2.33B of it

By J. Kelman, Newser User

Posted Jun 11, 2007 9:04 AM CDT

(Newser) – And the billionaires get richer. Blackstone founders Steve Schwarzman and Pete Peterson will collect a combined $2.33 bil from the private equity giant's planned IPO, which could take place as early as late June. Schwarzman will keep a 24% stake in the $32B company,... Read full story »

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Blackstone Honchos Cash In on IPO

Barbarians at the gate will arrive flush with cash—$2.33B of it

private equity • Blackstone Group • LBOs • Steve Schwarzman • IPO • Pete Peterson

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More Newser Stories

Blackstone IPO Fetches $4.13B

Private equity giant enjoys largest US debut in 5 years; Schwarzman enjoys largest share

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Not quite financial porn, but some revealing moments

KKR Makes IPO Official

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Tax maneuver may derail IPO, transform private equity

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