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BX News30 articles
Jersey Mike's IPO Falters as Trading Volume Dries Up Post-Debut
Jersey Mike's shares slipped below their IPO price on Friday as trading volume dropped 95% from the debut. The stock closed at $22.91, down 0.4% from the $23 offering price.
Blue Owl Stock Climbs on $380M Fee Pipeline Outlook
Blue Owl Capital (NYSE:OWL) gained 3.2% to $11.83 after the firm said undeployed assets could yield $380M in yearly management fees, potentially covering its dividend gap.
Blue Owl Capital Surges 8% as Real Assets Drive Q2 Fundraising
Blue Owl Capital (OWL) rose 8% after Q2 fundraising got a boost from real assets, which captured 59% of equity inflows. The firm sees potential $380M in annual fees from undeployed capital.
Jersey Mike's Recovers to $23 as Debt Concerns Loom
Jersey Mike's (NYSE:JMKE) shares recovered to $23 on Friday, erasing its debut decline, yet elevated debt and slowing same-store sales growth continue to pose challenges.
Jersey Mike's IPO Stumbles: Shares Drop Below Offer Price
Jersey Mike's (JMKE) fell 5.96% on its NYSE debut, erasing $435M in market value—more than its IPO proceeds. The stock closed at $21.63.
HSBC's $36B Australian Exit Boosts Pepper Money's Servicing Scale
HSBC's A$36 billion Australian loan sale to Blackstone makes Pepper Money a major servicer, with a portfolio 1.59 times its March AUM.
Jersey Mike's IPO Raises $1B, Majority Goes to Selling Shareholders
Jersey Mike's (JMKE) IPO priced at $23 per share, raising $1 billion. Existing holders receive 68% of proceeds, while the company uses nearly all net cash to pay down debt.
Jersey Mike's IPO Priced at $21-$25, Majority Proceeds to Shareholders
Jersey Mike's targets $21-$25 per share in its IPO, with existing shareholders selling 68.3% of the offering. The company plans to use net proceeds of $301 million for debt reduction.
Blackstone Q2 Earnings Beat on AI-Driven Real Estate Gains
Blackstone's Q2 distributable earnings surged 26% to $1.98B, topping forecasts, fueled by AI-related asset sales in real estate, while private credit faced headwinds.
Blackstone Earnings Beat Expectations as Recurring Fee Revenue Surges
Blackstone beat Q2 earnings estimates with distributable earnings of $1.52 per share. Recurring performance fees fueled revenue growth, but shares slipped.
Wall Street Futures Dip as AI Costs and Oil Surge Weigh on Sentiment
US futures slipped about 0.4-0.5% as rising AI capex from Alphabet and Tesla, coupled with a surge in oil prices due to Middle East attacks, dampened investor sentiment.
Catalyst Pharmaceuticals Delisted After Angelini Merger Closes
Catalyst Pharmaceuticals was delisted from Nasdaq after Angelini Pharma completed its $4.1 billion acquisition. The stock closed at $31.49, just one cent below the $31.50 cash payout.
Jersey Mike's IPO Primarily Benefits Existing Shareholders, Debt Reduction Minimal
Jersey Mike's upcoming IPO sees 68.3% of shares sold by existing holders, with net proceeds of ~$301M reducing debt by only 14.3%. Blackstone retains voting control.
Williams Secures $5.34B Power Deal to Ease Funding Strain, Premium Valuation Persists
Williams (NYSE:WMB) has signed a $5.34 billion power contract with a Blackstone-led consortium, easing funding pressure but leaving its stock trading at a premium multiple.
Tech Selloff Drags US Futures Lower; South Korea's KOSPI Plunges 10%
US stock futures fell sharply Tuesday as a tech selloff erased optimism over US-Iran talks. South Korea's KOSPI plunged nearly 10% on regulatory ETF warnings.
Blackstone-Led Lenders Take Over Medallia, Wiping Out Thoma Bravo's $5 Billion Equity
Lenders led by Blackstone, Apollo, and FS KKR Capital have taken control of Medallia from Thoma Bravo, wiping out the buyout firm's $5 billion equity stake. The restructuring includes $150 million in new capital.
Jersey Mike's Dethrones Chick-fil-A in Customer Satisfaction Rankings
Jersey Mike's Subs scored 84 in the 2026 ACSI restaurant study, edging out Chick-fil-A's 83 and ending its 11-year streak as the top-ranked U.S. quick-service chain.
Semiliquid Funds Surge Past $600B as Private Credit Demand Wanes
Semiliquid fund assets topped $600 billion by March 2026, more than doubling since 2022, even as private credit demand slows and capital flows shift toward private equity and venture capital.
Broadcom Stock Dips 4% Despite $35B AI Deal with Apollo, Blackstone
Broadcom shares slid 4% despite a $35B AI infrastructure deal with Apollo and Blackstone, as investors weigh softer AI chip guidance and valuation risks.
Blue Owl Capital Shares Surge as Private Credit Worries Ease
Blue Owl shares surged 5.5% to $10.225 as private-credit asset managers rebounded after Blackstone's withdrawal cap eased redemption fears. The sector remains under watch.
Broadcom Plunge 13% After Hours Sparks Tech Selloff, Dow Drops 621 Points
Broadcom slid 13.7% after hours after missing Q2 revenue estimates and keeping AI-chip sales forecast unchanged, triggering a broader market decline with the Dow falling 621 points.
Broadcom hits record high on $36B Anthropic AI chip deal
Broadcom shares surged to a record high of $448.44 on Friday following news of a $36 billion debt deal for Anthropic's AI chips, before settling at $434.48.
Blackstone's $80B Private Credit Fund Faces Redemption Surge
Blackstone's $80 billion private credit fund, BCRED, is offering to repurchase up to 93.1 million shares as Q1 inflows fell and repurchase requests rose, testing investor demand.
CoreWeave Drops 3% as Google and Blackstone Unveil $5B AI Cloud Venture
CoreWeave shares dropped 3.3% in premarket as Google and Blackstone's $5B AI cloud venture intensified competition fears. CoreWeave also closed a $3.1B loan facility.
Alphabet Stock Rises as Google and Blackstone Launch $5 Billion AI Cloud Venture
Alphabet shares rose pre-market Tuesday after Google and Blackstone unveiled a $5 billion AI cloud venture. The deal targets Nvidia's dominance with Google's TPU chips.
Blackstone Data Center REIT BXDC Closes First Week Above IPO Price
BXDC ended its first week at $20.10, above the $20 IPO price, after opening below it. The Blackstone-backed REIT raised $1.75 billion for data centers but has no assets yet.
Blackstone's $1.75B Data Center Trust Debuts Flat, Testing AI Infrastructure Demand
Blackstone Digital Infrastructure Trust (BXDC) debuted flat on NYSE at $20, raising $1.75B for AI data centers. The blind pool trust has no assets yet, betting on Blackstone's dealmaking.
Blackstone Launches AI Unit N1, Consolidating OpenAI and Anthropic Stakes
Blackstone Inc. launches Blackstone N1, a new AI-focused unit consolidating investments in OpenAI and Anthropic, while its $80 billion credit fund faces slowing inflows and rising redemptions.
Blackstone, Related Digital Secure $16B for Oracle AI Data Center
Blackstone and Related Digital have secured $16 billion in financing for Oracle's AI data center in Michigan, but the project faces local and regulatory pushback over power, water, and transparency concerns.
BofA Leads $16B Oracle Data Center Financing in Michigan
Bank of America led a $16 billion financing for an Oracle data center in Michigan, selling $14 billion in bonds as Wall Street deepens its AI infrastructure push.