Steve Schwarzman news stories on Newser

Blackstone IPO Fetches $4.13B

M. Morris — Thu, 21 Jun 2007 17:05:11 CDT

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...

Blackstone Honchos Cash In on IPO

J. Kelman — Mon, 11 Jun 2007 09:04:00 CDT

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...

Sloan Reviews the Blackstone IPO Filing

Peter Fearon — Mon, 26 Mar 2007 07:50:33 CDT

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...