Financial Times FT.com

Blackstone brings forward landmark IPO

By James Politi, Francesco Guerrera and Ben White in New York and Jeremy Grant in Washington

Published: June 19 2007 17:38 | Last updated: June 20 2007 01:12

Blackstone plans to list on the New York Stock Exchange as early as Friday, bringing forward the US private equity group’s landmark initial public offering by several days amid doubts about its valuation.

The proposed $32bn (£16bn) market capitalisation of Blackstone came under pressure last week when two powerful US senators proposed legislation that would significantly raise the company’s tax bill in 2012.

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