Blackstone May Go Public

My Blackberry is blowing up today - rumors have been flying that Blackstone is going to file for an IPO. While these are only still rumors, I don't think people are surprised given the successful Fortress IPO. What may surprise people is the valuation placed on Blackstone. It scares me to think that if a relatively new firm like Fortress could be valued at roughly $11 billion, then a behemoth and storied firm like Blackstone could be valued at much much more. This is going to be a very interesting year for Private Equity...