首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Blackstone Group LP on Thursday raised $4.13 billion in the biggest US initial public offering in five years, a sign of the grow
Blackstone Group LP on Thursday raised $4.13 billion in the biggest US initial public offering in five years, a sign of the grow
admin
2018-06-06
58
问题
Blackstone Group LP on Thursday raised $4.13 billion in the biggest US initial public offering in five years, a sign of the growing power of private equity firms in global finance. The New York-based buyout shop, which controls names like Universal Studios Florida and real estate powerhouse Equity Office Properties Trust, will list on the New York Stock Exchange on Friday morning. For Blackstone’s founders—who launched the private equity firm in 1985 with a $400,000 investment—the IPO will mean a big payout.
"Blackstone is like any dominant player in a maturing industry, they are successful because they have a great management team," said Peter Shabecoff, founding partner of Stamford, Conn.-based private equity firm Atlantic Street Capital Management. "And now they have the scope and brand name to be successful, and that’s what people are buying into."
The big appeal of the IPO was that it gave investors a chance to participate in the booming private equity industry, where firms buy companies, turn them around, and seek to sell them at a profit. And investor appetite was strong to buy a part of Blackstone, even though the stake in its management business has little voting power or any direct connection to its portfolio of companies.
Analysts had been monitoring the IPO’s pricing throughout Thursday, which was said to be many times oversubscribed. There was some speculation that the interest from investors around the globe would cause Blackstone to raise the price beyond its original range of $29 to $31.
However, the underwriters on the deal might have been cautious about the IPO amid growing scrutiny on Capitol Hill. The deal was criticized for the huge payout it will provide top executives, leading to attempts by lawmakers to change the tax status of Blackstone and similar firms.
The firm acknowledged Thursday that it could face much higher taxes as early as next year if it was taxed as a corporation, as a new bill in the US House of Representatives proposes to do. Meanwhile, Reps. Dennis Kucinich of Ohio and Henry Waxman of California asked the Securities and Exchange Commission late Thursday to delay the offering, though their requests apparently went unanswered.
Blackstone reaffirmed in a regulatory filing Thursday that taxing the firm as a financial company at a 35 percent rate would cause its earnings to falter. The buyout shop, like other partnerships, is taxed at a 15 percent rate. That came on top of a previous warning from Blackstone that compensation and other costs related to going public would cause it to not be profitable for years.
But, analysts contend investing in the IPO has more to do with buying into Blackstone’s cache—especially as rivals like Kohlberg Kravis Roberts&Co. and Carlyle Group are considering their own flotations.
The word "falter"(Para. 7)is closest in meaning to______.
选项
A、bumble
B、stumble
C、hesitate
D、decrease
答案
D
解析
转载请注明原文地址:https://kaotiyun.com/show/v6SO777K
本试题收录于:
NAETI中级口译笔试题库外语翻译证书(NAETI)分类
0
NAETI中级口译笔试
外语翻译证书(NAETI)
相关试题推荐
Ifthereisanyendeavorwhosefruitsshouldbefreelyavailable,thatendeavorissurelypubliclyfinancedscience.Morally,ta
Ifthereisanyendeavorwhosefruitsshouldbefreelyavailable,thatendeavorissurelypubliclyfinancedscience.Morally,ta
Ifthereisanyendeavorwhosefruitsshouldbefreelyavailable,thatendeavorissurelypubliclyfinancedscience.Morally,ta
Theprotestersopposebuildingahigh-riseintheirneighborhood,statingthatitwillstandtooclosetotheirapartmentsand__
MaintainingFriendshipinAdolescenceSecondaryschoolcanbea【C1】______placeforadolescentswhodon’thaveabestfriend
ScienceWithoutBordersScienceandtechnologyisamongthefactorsthathavetakenthehumancivilizationtotheleveliten
TheAPPwillkeep________ofyourexercisesonitslog,andformapersonalhealthandphysicaldocumentation.
女士们,先生们:金秋十月,北京气候宜人,中国国际投资贸易论坛今天在这里隆重召开了。我很高兴能够应邀出席本次论坛,首先我谨代表中华人民共和国商务部向远道而来的国内外朋友表示热烈的欢迎和衷心的感谢。[TONE]∥[TONE]众所周知,通
下面你将听到的是一段有关中国经济社会发展的讲话。中国的改革开放已经走过了26个年头。26年来,中国发生了翻天覆地的变化。中国经济持续快速增长,国内生产总值从不到1500亿美元增长到1.65万亿美元。进出口总额从206亿美元增长到1.15
下面你将听到一段回忆邓小平同志的发言。上个世纪70年代末,我参加了第四次全国文代会,大会上小平同志致辞时获得的长时间的热烈掌声给我留下了极深的印象。这次大会是文艺界经历十年浩劫后的第一次盛会,也是小平同志复出后第一次代表党中央、国务院同广大文艺工
随机试题
轻度营养不良的主要临床表现
作为一名中小学教师,应该具备的知识素养不包括()
关于亚急性感染性心内膜炎的叙述,不正确的是
患者女性,30岁,反复发作心悸4年。此次因突发心悸就诊,心电图如图3—12—7所示。该类心动过速起源于
Ⅰ型糖尿病的主要特点是
[2010年,第40题]对于一个化学反应来说,下列叙述正确的是()。
下列选项中,属于其他业务成本核算内容的是()。
“黑箱”是控制论中的概念,意为在认识上主体对其内部情况全然不知的对象。“科技黑箱”的含义与此有所不同,它是一种特殊的存贮知识、运行知识的设施或过程,使用者如同面对黑箱,不必打开,也不必理解和掌握其中的知识,只需按规则操作即可得到预期的结果。例如电脑、手机、
以下属于政府“越位”行为的是()。
在VisualFoxPro中,如果要将学生表S(学号,姓名,性别.年龄)中“年龄”属性删除,正确的SQL命令是()。
最新回复
(
0
)