Blackstone Leads the Rebound in Private Equity

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Dec. 24 (Bloomberg) – Bloomberg’s Julie Hyman discusses Blackstone’s stock ending a six-year drought and the comeback of private equity in 2013. She speaks with Betty Liu on Bloomberg Television's "In The Loop." (Source: Bloomberg)

The year the firm went public.

For more on his rebound, i'm joined by julie hyman.

It's been kind of a rebound for private equity in general?

It has been, for everything.

It's been a rebound for ipo's. when blackstone became public, it suffered from not the best timing.

It was 2007 and the stock did not close above $31 yesterday, it it broke it during the session.

It is approaching it in premarket trading today.

This is on the comeback we have seen.

In private equity.

It has been doing ipo and selling shares.

That is one of the things that has helped boosted this year.

In addition to rising tide lifting all boats.

As i recall in 2007, that was the year they did that big transition with candell.

Then a few years later, real estate was not the same.

There is one company that bought in 2006 la quinta which is a midpriced hotel chain and yesterday, they filed for an ipo of that company.

If a company is less than $1 billion of revenue, it does not have to give much details.

We don't know how many shares, we don't know the range of the shares exactly but we know that company will become public and it was bought for $3 billion.

It has about 800 hotels in the u.s., mexico, and canada and is a limited service, midpriced hotel.

We have seen other hotel ipo's. from blackstone, the big one was built in.

-- hilton.

Blackstone also bought extended stay and those shares are up 20% and generally come a hotel stocks have done well this year.

Maybe the blackstone timing is better this time.

You hope to get that right.

Thank you so much.

Sadly, today is the 12th and

This text has been automatically generated. It may not be 100% accurate.


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