Forget all that talk about Blackstone delaying or (gasp) canceling its IPO, in response to a proposed federal law that would nearly double its tax burden. Instead, it’s planning to price sooner than expected.
The Blackstone IPO is now set to price this Thursday night. It had previously been on the calendar for next week.
No word yet on whether or not its target range has been affected by the pending legislation, but come back to peHUB later today for additional info. In the meantime, it seems like the Private Equity Council is bulking up its lobbying efforts when it comes to taxation of private equity profits. It still hasn’t taken a position on The Blackstone Bill, but it obviously is opposed to treating carried interest as ordinary income.