Blackstone IPO: Anyone buying?

[nyc999]

CNN Money Article

The Blackstone IPO is ready to happen and is expected to start at $29-$31/share. I've read/heard a lot about this company in the media, with a gradual increase in exposure over the past 6 months.

I'm no financial expert, but this appears to be a good investment, at least for the short term.

To the more experienced investors, is anyone buying? Is it worth getting a few hundred shares with the expectation of a significant increase over the next 12 months? Also, I know IPO's are tough to get in to at the ground level. At what price would the average investor be able to buy in for?

[CrushinFelt]

No. Taxes make me go pee pee in my pants.

[jws43yale]

I actually think this will be a good short term investment assuming Congress doesn't go through with increasing taxes. On the other hand, I think this is marking the beginning of the end of a bubble in private equity. It would not surprise me if this IPO doubles in value within the year then come falling down within the next 2 or 3 years.

[hoyasnaxa]

When is this going public?

[nyc999]

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When is this going public?

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Either Friday or next week.

[pig4bill]

I hear possibly tomorrow.

[lacticacid]

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When is this going public?

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Either Friday or next week.

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I've got an interview with a company they recently purchased next week. Supposedly there is a lot of new money in the company. We'll see.

[jws43yale]

IPO is on schedule for tomorrow. Still very interested in how this could play out and considering buying in the short term and perhaps buying options or shorting for the long term.

[MrBlue]

I haven't looked at all into Blackstone but when Fortress IPO'ed, it shot up to mid 30s before declining steadily.

My firm got assigned a few shares and quickly off loaded it at 35.

[RunDownHouse]

What do you guys think of Cuban's blog post on it (http://www.blogmaverick.com)?