Blackstone IPO
The first few weeks of this IPO will probably be the glory days of the internet trading boom but I’m calling bust shortly after the gates are opened. Unfortunately, I believe this deal involves far too much political tension to draw the investors BlackStone needs to raise capital. After China’s interesting bid, I think some financiers may stay away from the once private equity firm.
There is such an idea attached to BlackStone much like a stigma to American Express charge cards and Rolls Royce automobiles. BlackStone is all about the wealth and luxury of the world’s newly rich.
BlackStone is running into the same problems of companies such as Berkshire Hathaway or even mutual funds such as Vanguard and Fidelity Funds. Too much money, not enough worthy investments. BlackStone, in reality, does not need the additional capital. I believe that an input of capital will only make the close of the group come sooner as the company stockpiles private investment dollars.
If you want in on the private equity craze, look no farther than the original. Berkshire Hathaway is waiting for your capital.
Categories: Stock Market
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