To Blackstone or Not to Blackstone...That's the Question

With all the hype around Blackstone's IPO, I had mentioned before the offering that it wasn't as good as a deal as it looked. The limited nature of the shares in the overall structure and expected returns, were not going to be there. Now with the potential looming increased tax rates, Blackstone will just become another stock that sucked the shareholders dry, not unlike what happened to the Vonage IPO...shareholders left holding the bag will wonder.


More reading here, courtesy of the Financial Times.


BX Chart since the IPO;