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Rumor Mill: Blackstone Going Public?

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We know the rumor that Blackstone is considering going public might strike a lot of people as odd but it really shouldn't. We're witnessing a major change in the structure of American business and the move to private operating companies is only part of that story. In the future we might well have public portfolio companies owning smaller, leaner operating companies. Old names like Chrysler will be privately held by new names like, maybe, Blackstone.

CNBC's David Faber reports that they're already hard at work on a prospectus over at Goldman Sachs, although the possible IPO is still officially "under consideration" by the partnership. Faber is citing sources that say the IPO could happen in the next two weeks.