will the blackstone group IPO be available to the public?

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The answer to that question is in its name. Initial PUBLIC offering. While the underwriting investment back may require a huge capital front to get in on this deal, the answer is yes, it is available.
Check:news.yahoo.com/s/nm/20070521/bs_nm/blackstone_dc_9
money.cnn.com/magazines/fortune/fortune_archive/2007/03/05/8401261/index.htm