Further indicators are rising that Blackstone is transferring in direction of a sale fairly than a list of its $3.5bn Milestone Logistics Group as fairness capital market circumstances begin to cool for different preliminary public providing prospects.

Sources say Blackstone has slowed its float plans proper down, leaving many much more sceptical that its $1.2bn-plus IPO will eventuate for the proprietor of Australian industrial properties.

Earlier, the plan was to launch the float build-up in parallel with the gross sales course of timetable, which sees remaining bids due in about 5 weeks’ time.


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Source: News Deal