Blackstone CEO Steve Schwarzman Interview Harvard Business School (2005)
Case | HBS Case Collection | March 2008 (Revised May 2008)
The Blackstone Group's IPO
by Felda Hardymon, Josh Lerner and Ann Leamon
Steven Schwarzman, Chairman of the Blackstone Group, has just learned that an investment group associated with the government of China wants to buy the majority of Blackstone's leveraged IPO.
As he considers how to respond to this offer, Schwarzman reviews the firm's proposed structure as a public entity and assesses how he might retain the delicate balance among stakeholders while still maintaining liquidity in the market.
Keywords: Private Equity; Financial Liquidity; Initial Public Offering; Investment; Ownership Stake; Business and Stakeholder Relations;