IPO Expected to Draw Billions for Blackstone Execs One of the most powerful private equity firms is selling shares to the public. About 10 percent of Blackstone Group will be made available to investors in an initial public offering later this month, and key executives are expected to get a windfall.
NPR logo

IPO Expected to Draw Billions for Blackstone Execs

  • Download
  • <iframe src="https://www.npr.org/player/embed/10991516/10991517" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
IPO Expected to Draw Billions for Blackstone Execs

IPO Expected to Draw Billions for Blackstone Execs

IPO Expected to Draw Billions for Blackstone Execs

  • Download
  • <iframe src="https://www.npr.org/player/embed/10991516/10991517" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

One of the most powerful private equity firms is selling shares to the public — about 10 percent of Blackstone Group will be made available to investors in an initial public offering later this month. Blackstone's IPO is expected to yield a huge bonanza to key executives.

CEO Steve Schwarzman's shares are likely to be valued at $7.5 billion, and company co-founder Pete Peterson will reap more than $1 billion.