Blackstone Group Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Blackstone Group

BX 154.16

-0.4%

Dec 31 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Hoatzin who wrote (3)	6/22/2007 4:41:02 PM
From: William F. Wager, Jr.	of 39

Close 35.06. The WSJ: <snip> Though Blackstone hasn't had the one-day "pop" enjoyed by hedge fund Fortress Investment Group, which soared 68% after its first day of trading on the NYSE in February, the stock seems to have traded in line with expectations. "It's an unusual for a $4 billion IPO to spike up that much," said Francis Gaskins, president of research site IPODesktop.com. "Most of the buyers are sophisticated investors, and they are not going to chase it." Scott Sweet, managing director of IPOBoutique.com, said many short-term investors would have taken their profits by now, leaving the stock in the hands of more "long-term investors who believe in the Blackstone Group story."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next