Blackstone Group President Jonathan Gray announced on October 17th local time that the group plans to list some of its large investment projects after sluggish asset sales hit its third quarter profits.
Gray said that the recent rebound in global stock markets driven by technology suggests that investors' interest in IPOs may recover. He believes that this paves the way for the sale of the group's stocks. Blackstone's global asset size currently totals $1.1 trillion. (Financial Times)