The shares of private equity firm Blackstone Group rose 21% on Monday, a surge that some analysts attributed to investors buying on speculation about upcoming earnings, reports Reuters. Blackstone, which is scheduled to report Q3 earnings on Thursday, closed up $2.38 at $13.64, the highest for nearly three months. Others suggested the surge stems from news coverage of possible exit routes for Blackstone rival KKR, which is preparing an IPO for one of its portfolio companies, discount retailer Dollar General, prompting speculation that others will follow suit.

This entry was posted by Gwen Robinson on Tuesday, August 4th, 2009 at 5:02 and is filed under Capital markets, Private equity. Tagged with blackstone, kkr. Edit this entry.