|Bid||31.88 x 1500|
|Ask||31.89 x 1800|
|Day's Range||31.48 - 31.95|
|52 Week Range||23.33 - 35.09|
|PE Ratio (TTM)||15.70|
|Dividend & Yield||2.16 (6.85%)|
|1y Target Est||N/A|
An IPO, which could occur as soon as 2018, could value Gates at about $7 billion.
The asset manager loves pipeline companies because you don't seem to anymore.
The IPO would follow a major turnout at the company under Blackstone, which had to implement a program of significant cost cuts after being hit by weak demand in the agriculture, infrastructure, energy and mining markets. Blackstone has told banks that it may hire IPO underwriters in the next few months to prepare to take Gates public in 2018, the three sources said.