Published: 22 May 2007
Blackstone, the world's most powerful private equity firm, will raise $7.75bn (£3.93bn) from outside investors as part of its groundbreaking stock market flotation.
The company has been setting out the financial details of its highly anticipated initial public offering (IPO), including a $3bn investment from the Chinese government that Blackstone hopes will be the first chapter in a lucrative relationship. continue...
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