Blackstone Explores $10B IPO or Sale for Ancestry.com
Blackstone Inc. (NYSE: BX) is considered one of the best American stocks to buy and hold over the next three years. The company has demonstrated strong performance and continues to attract investor interest.
On September 25, Reuters reported that private equity firm Blackstone is currently exploring strategic options for Ancestry.com, the popular genealogy and DNA testing platform.
These options include pursuing an Initial Public Offering (IPO) or an outright sale of the company. This move highlights Blackstone’s focus on unlocking value from its portfolio companies and could have significant implications for the genealogy and DNA testing market.
Investors should keep an eye on Blackstone’s strategic decisions as they could impact the company’s stock performance in the near future.
https://ca.finance.yahoo.com/news/blackstone-explores-10b-ipo-sale-205507101.html
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