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The Blackstone Group L.P. Message Board

  • billlewisiv billlewisiv Jun 7, 2012 10:31 AM Flag

    Worst IPO ever: BX vs FB

    It's a toss up. Facebook looks like a full-fledged disaster, but they're still ahead of BX.

    Here we are, five years after BX IPO, and how are we doing? Down over 60% from the IPO price. And how's this for pathetic: we're talking about how THRILLED we'll be when (if) the share price ever gets back above 16 bucks. Yeah, it would be great to get the stock back to HALF it's IPO price.

    I got a feeling FB should settle right in that ball park as well, a $15-$20 stock.

    This market, this stock...all a very bad joke on the individual investor. Thanks to FB for illustrating just how crooked and messed up the US stock markets have become.

25.34-0.04(-0.16%)Oct 27 4:02 PMEDT