the visible hand

it is the theory which decides what can be observed – einstein

Blackstone share slump costs China $540 million

Posted by ecoshift on July 30, 2007

Blackstone share slump costs China $540 million
But investment in Blackstone wasn’t just about returns, analysts say

By Chris Oliver, MarketWatch
Last Update: 9:55 AM ET Jul 30, 2007

HONG KONG (MarketWatch) — Blackstone Group L.P.’s slumping share price isn’t likely what Beijing had in mind when it pumped $3 billion into the leveraged buyout firm last month.

Since its June debut Blackstone (BX) has tumbled 21%, making it the worst-performing initial public offering among deals worth $500 million or more this year.

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