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Member Since: 1/2007Last Seen: 11/28/2009

Blackstone files for a $40 billion float

News Type: Event — Seeded on Fri Mar 23, 2007 7:25 AM EDT
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Blackstone Group, the world's biggest private equity group, last night filed to sell up to $4 billion of shares as part of a keenly awaited flotation set to value it at as much as $40 billion.

The landmark listing by the highly secretive group will for the first time reveal the fortune of Steve Schwarzman, its co-founder who is thought to control about 40 per cent of the group.

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