It's interesting to note the fanfare over the IPO offering of Blackstone, however, reading through the S-1 SEC filing, there are a few red flags to potential investors. Although there has been an improvement in their management fees in the past few years, this may not be sustainable, and essentially the offering does not give control to shareholders. This is in the management only, not the funds. Refer to this CNN Money article for details. Blackstone is trying to get the best of both worlds, without having the liability of having to perform for the investors.
Of course, the hype will run the price up, however, if you don't get in on that action, look for holding on to the stock for the long term.
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