Blackstone president Jon Gray has flagged a potential record year of IPOs ahead after the firm reported stronger-than-expected first-quarter results, supported by early momentum in deal activity before geopolitical tensions in the Middle East unsettled markets, according to a report by Bloomberg.
The firm’s distributable earnings rose 25% year-on-year to $1.76bn for the three months to March, equivalent to $1.36 per share, ahead of analyst expectations of $1.34, according to Bloomberg consensus...
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