Thursday, June 21, 2007

Demand heavy for Blackstone IPO despite tax bill

(Reuters) - Demand for the shares comes even as lawmakers step up pressure on raising the firm's tax bill after the stock's debut.




Several fund managers said the deal appears to be heavily oversubscribed after Blackstone mounted lavish and extremely well attended marketing presentations. The bulk of the interest is from hedge funds, investors say.


Read more at Reuters.com Business News

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