Stories tagged with IPO
Competition on a new level
By Muckety | July 5, 2007 at 4:41pm | 0 
The long-standing rivalry between Henry Kravis and Stephen A. Schwarzman has reached the IPO front.
Kohlberg, Kravis, Roberts announced plans yesterday to go public, a path recently taken by Schwarzman’s Blackstone Group.
As with Blackstone, the KKR offering calls for the power to remain in the hands of the managing partners. Henry Kravis and George Roberts will retain 75% of the class A shares.
Big payday for Blackstone founders
By Muckety | June 24, 2007 at 4:57pm | 0
The biggest beneficiaries of Blackstone Group’s public company debut last week were co-founders Stephen Schwarzman and Pete Peterson.
Schwarzman’s 24-percent stake in the investment firm is worth $7.7 billion and he could earn $677 million from the IPO, according to The New York Times. Peterson, who retains 4 percent ownership of the firm, earned $1.88 billion from the offering.
