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
68
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.
According to the author, the deal______.
选项
A、led to no change of the tax status of Blackstone
B、was successful
C、was delayed
D、was criticized for the huge payout
答案
D
解析
转载请注明原文地址:https://kaotiyun.com/show/q6SO777K
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
Whatagreatdealofinitialconfusion,theanti-wardemonstratorsdecidedprotestinginsidetheadministrationbuildinginstead
Itisinconceivablewhetheraggressionagainstthesmallrepublicwouldnotbemetwithitsallies’fullmilitarypower.
Apublichealthapproachfirstandforemostrequiresmeticulouscollectionandtrackingofdata.
MaintainingFriendshipinAdolescenceSecondaryschoolcanbea【C1】______placeforadolescentswhodon’thaveabestfriend
MaintainingFriendshipinAdolescenceSecondaryschoolcanbea【C1】______placeforadolescentswhodon’thaveabestfriend
ScienceWithoutBordersScienceandtechnologyisamongthefactorsthathavetakenthehumancivilizationtotheleveliten
下面你将听到外国媒体就中国艾滋病问题的一段评论。HIV/AIDSisnowrecognizedclearlyasagrowingthreattoChina.AccordingtoofficialChineseesti
各位团长,各位同事:我谨在此宣布,第二轮北京六方会谈现在开幕。作为东道主,我们热烈欢迎各方代表团的再次到来。//半年前,也是在这间大厅里,我们成功启动了六方会谈进程,确立了和平解决核问题的方向。半年来,各方之间开展了不间断的对
随着中国实现总量控制的目标所面临的挑战日益严峻,以部门为基础分配减排责任的可能性越来越大。另外,根据最新修订的《空气清洁条例》,排放许可最终被赋予了法律地位,并在指定和执行减排义务中起指导性作用。//根据这两项最新的政策进展,美国环保协会已经和国家环保总局
A、Inthedegreeswhicharereceivedinauniversity.B、Intheagewhenastudententersauniversity.C、Inthecourseswhichare
随机试题
()按设计图示数量计算,不扣除构件内钢筋、预埋铁件所占体积。
公共场所用浸渍纸层压木质地板耐磨转数大于等于()转。
【背景资料】某施工单位承担了一低瓦斯矿井的锚喷支护巷道施工任务,巷道围岩为中等稳定的砂页岩层,长度2500m。巷道掘进断面高度3.8m、宽度4.0m。该巷道采用普通钻眼爆破施工方法,工作面配备两臂凿岩台车打眼,炮眼深度2.5m,菱形直眼掏槽方式,
下列关于水资源税税额制定标准的说法,正确的有()。
甲企业为增值税一般纳税人,适用的增值税税率为17%,商品销售价格均不含增值税。确认收入的同时,结转其销售成本。2016年11月,该企业发生的经济业务如下:(1)1日,向乙企业销售一批商品,增值税专用发票注明的价格为80万元,增值税税额为13.6万元。
营养素
3月,300名大学学生在华盛顿抗议削减学生贷款基金的提案。另外有35万名大学生在3月期间涌向佛罗里达的阳光海滩度“春假”。因为在佛罗里达晒太阳的人数更多一些,所以他们比在华盛顿抗议的学生更能代表当今的学生,因此国会无需注意抗议学生的呼吁。上面的论证
下列数据流图构造规则中正确的是()。
【B1】【B4】
【S1】【S4】
最新回复
(
0
)