The probability Blackstone’s IPO will go poorly is almost zero. With a ten times oversubscription and a strong pricing, the first hurdle has been achieved with the level of success that team has consistently delivered. Following the open, there is enough momentum in the market and demand from everyone shut out from participating will keep this rolling for a while. There will be so much institutional support for this transaction because a poor showing for BX will be seen as an indictment of Private Equity’s future.  The big players have way too much to lose by allowing BX to ruin their momentum…….

Oh hell - who cares about all this crap. You can and will hear that from every media outlet on the planet so I am going to concentrate on other stuff. It’s going to be a very distracting story and investors will need to make sure they don’t get caught up in it.  There are many other important things going on today and while the BX trading will likely give it some positive buzz, 1 stock is never enough to overshadow thousands of others.