Blackstone's Bad Week: Stock Loses 11.5% Since IPO

In case people aren't paying attention in all the iPhone euphoria, other things are going on in financial markets.

Among them, Blackstone (BX) broke through its IPO pricing last week, tumbling to a Friday close of $29.27, and the stock losing 11.5% in the last five trading days.

It will be interesting to see what happens to chatter of IPOs from KKR and others of the PE ilk given this tepid reception.

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Comments

[jbs:]

On Tuesday KKR announced that they were going public. It was in the Journal.

2007 Jul 04 09:15 AM