Blackstone: IPO gone live

It’s official now. The Blackstone $4 Billion offering is for real according to the filling with SEC.

The Mod is going well and very busy as usual. We had an Alum speaker in the Investment Banking Class yesterday who is a Deputy Chairman at Lazard. He has full beard and I thought bankers are always clean shaven. But then again when you are Gary Parr, you probably have the liberty to wear your facial hair anyway you want. You can even wear dreadlocks if you wish.
I enjoyed his views on some of the current market developments including the Blackstone IPO and the need to have strong ethics as one proceeds in this career. What’s even more interesting is that after Undergrad and Top ten MBA he was not made an offer by any of the investment banks despite his strong desire for an I-Banking career. He went a different route within the financial services and eventually backed into IB. He then went on to become the co-head of Global M&A at Morgan Stanley before moving to Lazard.

The moral of the story? Well, you get the point…