Skip to: Content
Skip to: Site Navigation
Skip to: Search

August 21, 2008 9:19:01 PM CDT

Learn about Newser Points »

Stories related to: Steve Schwarzman

Stories

3 Stories

  • June 2007

    • Blackstone IPO Fetches $4.13B

      Bloomberg  |  Jun 21, 07 5:05 PM CDT

      Blackstone IPO Fetches $4.13B

      (Newser) - The Blackstone Group went public today, selling 133.3 million shares at $31 and raking in $4.13 billion, the largest American IPO since 2002. The keenly anticipated issue values the private equity firm, founded by Stephen Schwarzman 27 years ago with $400,000, at $33.5 billion; the price bodes well for other buyout specialists. KKR and Carlyle are also considering going public, Bloomberg reports. More »

      Tags

      stocks  • private equity  • IPO  • Blackstone Group  • Carlyle Group  • KKR  • Steve Schwarzman

    • Blackstone Honchos Cash In on IPO

      Bloomberg  |  Jun 11, 07 9:04 AM CDT

      Blackstone Honchos Cash In on IPO

      (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, worth just under $450M, and the 80-year-old Peterson will cash out with 4% equity, netting him $1.9B. More »

      Tags

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

  • March 2007

    • Sloan Reviews the Blackstone IPO Filing

      MSNBC  |  Mar 26, 07 7:50 AM CDT

      Sloan Reviews the Blackstone IPO Filing

      (Newser) -  The IPO filing for the notoriously secretive Blackstone Group wasn't the tell-all Wall Street watchers had hoped for, says Newsweek’s Wall Street editor Allan Sloan, who searched in vain for how big a stake is held by the private equity partnership's  two Mr. Bigs, Steve Schwarzman and Pete Peterson, and how much they and their partners have been paying themselves. More »

      Tags

      Wall Street  • finance  • IPO  • Blackstone Group  • Steve Schwarzman  • Pete Peterson

3 Stories

Today's Most Popular

Premium Articles from HighBeam

Find more articles like this

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »