Key facts
- Blackstone's 2007 IPO was a first for a firm of its size globally.
- The IPO was seen as a turning point in the company's operations.
In 2007, Blackstone made the decision to proceed with an initial public offering. This move was notable as it was the first time a firm of Blackstone's size in its industry had gone public anywhere in the world. According to Stephen Schwarzman, the IPO proved to be more than just a turning point in how the company was run; it also served as a reflection of the changing geopolitical dynamics of that era.