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A Netscape moment

22 June 2007 By Lauren Silva

Blackstone s 20% firstday pop pales in comparison to that of Netscape it s not even close to the debut of rival Fortress. But like the IPO that launched the dotcom boom, its $38bn value shows investors are suspending disbelief. No wonder KKR s following. Blackstone s 14% firstday pop pales in comparison to that of Netscape it s not even close to the debut of rival Fortress. But like the IPO that launched the dotcom boom, its $39.5bn value shows investors are suspending disbelief. No wonder KKR s following.

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