Blackstone plans to take some portfolio companies public, FT reports

Blackstone plans to list some of its largest investments, with the recent technology-fueled rally in global stock markets signaling a likely return of investor interest in IPOs, The Financial Times’ Antoine Gara reports. Jonathan Gray, Blackstone’s president, told the FT in an interview that “We are preparing to take some portfolio companies public…I would say the discussions have gone from theoretical to practical and we are talking about things like timing.” Gray said his comments apply to the bigger investments held by Blackstone, which are better suited to listing on public markets than smaller companies.