Recovering IPO market boosts Blackstone

Published January 30, 2014 2:17pm ET



NEW YORK (AP) — Private equity firm Blackstone said Thursday that its fourth-quarter profit surged as the market for initial public offerings improved.

Net income shot up to $621.3 million from $106.4 million in the same period a year ago.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.