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
48
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.
We learn from the passage that______.
选项
A、the stake in Blackstone’s management business has little voting power or any direct connection to its portfolio of companies
B、Blackstone acknowledged taxing the firm as a financial company at a 15 percent rate would cause its earnings to falter
C、analysts contend investing in the IPO has less to do with buying into Blackstone’s cache
D、the underwriters on the deal were hot cautious about the IPO amid growing scrutiny on Capitol Hill
答案
A
解析
转载请注明原文地址:https://kaotiyun.com/show/S6SO777K
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
Ofcourse,therearepersonalfactors:someruncleverexperiments,havegoodcollaboratingskills,andare______incommunicatin
MaintainingFriendshipinAdolescenceSecondaryschoolcanbea【C1】______placeforadolescentswhodon’thaveabestfriend
ScienceWithoutBordersScienceandtechnologyisamongthefactorsthathavetakenthehumancivilizationtotheleveliten
ScienceWithoutBordersScienceandtechnologyisamongthefactorsthathavetakenthehumancivilizationtotheleveliten
HolidayBluesFormostofus,thepurposeoftheholidaysistobringpeace,loveandgoodwilltowardsall.Yet,formany,t
Thestudentwasrebukedforplayingpranksduringtheclass.
下面你将听到一段关于中国教育状况的介绍。中国人历来重视教育,实施“独生子女”政策后尤为如此。中国家庭的平均教育支出约占其收入的15%,而据中国社会调查所的一项研究成果显示,有43%的家庭都设立了专门账户,用来支付孩子的教育费用。近年来,
作为一名运动员、教练员和体育管理者,尤其是作为奥运会的技术官员,我最大的体会是:在奥运会中,没有什么比运动员的利益更重要了。我们整个奥运计划的制定是以运动员需要为中心的。//在做任何决定时,我们都要问一问自己,什么对奥运会和残奥会运动员最有利。在国际单项体
到1999年春季,美国环境保护署和中国国家环境保护总局(SEPA)的官员签订了一个协议备忘录,建立了两国在排污权交易和酸雨控制方面的双边示范项目。在签字仪式上召开的国际研讨会上,与会者通过介绍了解了美国环境保护协会与中国地方城市之间的合作项目,这也是到目前
随机试题
经过表面淬火的机体导轨面为了提高精度采用手工刮削较方便。( )
∫-11(x3cosx+1)dx=________.
患者,男,55岁,乙肝病史6年,10d前出现阵发性高热、寒战,体温最高达39.5℃,3d前出现右上腹持续性胀痛,伴持续性高热。查体:T39℃,BP110/60mmHg,P118/min,R25/min,急性面容,巩膜轻度黄染,结膜无苍白,右肺下野呼
患儿,6岁,体重20kg,在家玩耍时不慎打翻开水瓶,双下肢被开水烫伤后皮肤出现大水疱、皮薄、疼痛明显,水疱破裂后创面为红色。该患儿烧伤后第一个24小时应补的晶体和胶体液量为
明挖地基的主要检验内容有()。
关于中央行政机关,下列说法正确的是()。
为了挣钱,小张最近几年来一直在大城市打工,经常变换工作。他目前所在的建筑队正在给一家企业建生产用房。这家企业为了强化产品的市场竞争力,从德国引进了一整套自动生产设备,原来靠手工方式生产的员工,由于不能掌握计算机控制的新设备,大部分人将不能在企业里继续工作下
下面对软件测试和软件调试有关概念叙述错误的是
EstimatedBillsAlthoughwetrytoreadyourgasmetereverymonth,therearetimeswhenwesimplycannot.Wemaynotbeableto
欢迎辞说明:请写一份欢迎辞,欢迎投资商的光临。内容:1.很荣幸来自美国的客人光临自己的公司:2.公司职员会尽力对方觉得这次来访舒服和值得:3.对方有任何要求可随时提出来:4.再次欢迎对方光临。Word
最新回复
(
0
)