Market Chatter: Blackstone Weighs $2 Billion IPO for Data Center Acquisition Company

MT Newswires Live04-11

Blackstone (BX) is mulling an initial public offering that could raise $2 billion for an acquisition firm that will acquire data centers, Bloomberg reported Friday, citing people familiar with the matter.

Blackstone's offering is being led by Goldman Sachs Group (GS) and could start formal marketing as soon as this month, the people told Bloomberg. Citigroup (C) and Morgan Stanley (MS) are among the financial institutions leading the deal, one of the people said, according to the news outlet.

Blackstone, Goldman, Citi and Morgan Stanley didn't immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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