This cannot be a good sign. Word on the street is that KKR is planning an IPO. These are smart people. Why are they cashing out now?
It's not new. They were planning an IPO in 2008 before markets tanked. Blackrock, another PE firm went public as well few years ago.This cannot be a good sign. Word on the street is that KKR is planning an IPO. These are smart people. Why are they cashing out now?
How are Blackrock shareholders doing?Blackrock, another PE firm went public as well few years ago.
Up 100% in last one yearHow are Blackrock shareholders doing?
I think you mean Blackstone Group instead of BlackrockJust like Blackrock, and other LBOs specialists, saw the period a few years back as a great financial environment to go IPO.
Oh boy, no wonder financial literacy is such a sorry state when people mix up Blackrock, the world's largest money manager managed by Larry Fink, to Blackstone Group, the PE firm that went public/IPO in mid-2007 before putting hard-earn retirement money at risk.It's not new. They were planning an IPO in 2008 before markets tanked. Blackrock, another PE firm went public as well few years ago.
When a PE firm does an IPO, it is time to run for the hills.Blackstone Group, the PE firm that went public/IPO in mid-2007 before putting hard-earn retirement money at risk.
Thanks for the correction. It is indeed Blackstone Group that the CIC took a stake in and lost billions by China's sovereign fund - CIC.I think you mean Blackstone Group instead of Blackrock
Blackrock is the world largest money manager. Its AUM is around US$3.35 Trillion, slightly more than those in Federal Reserve.
Blackstone Group, OTOH is the LBO that some high level Mandarins at CIC used average Chen, Huang & Li money to gamble in mid-2007 by subscribing to the IPO, just the right time to take up to 75%+ haircut a year ago.
Not sure their investment at Teck Resources could help them to get back even to the huge losses on punting Morgan Stanley and the Blackstone Group stocks.
BTW, David Emerson is a member of the International Advisory Council at CIC.
The CIC should stick to resource companies, instead of dealing with these shysters (flim flam men).It is indeed Blackstone Group that the CIC took a stake in and lost billions by China's sovereign fund - CIC.
They did in Teck Resources and the Chinese are lucky to have the Canadians being "nice", unlike the Aussies, read: Rio Tinto who show the mainland Chinese 2 middle fingers on becoming one of the largest shareholders of the company, percentage that is not different to the holdings they have at Tech.The CIC should stick to resource companies, instead of dealing with these shysters (flim flam men).