08:20 AM EDT, 10/17/2024 (MT Newswires) -- Blackstone (BX) is looking to take some of its largest investments public as the recent tech-driven rally in global stock markets signals a return in investor interest for initial public offerings, President Jonathan Gray reportedly told the Financial Times in an interview.

"I would say the discussions have gone from theoretical to practical and we are talking about things like timing," Gray was quoted saying in the report.

Gray said that the currently strong equity market is "almost like a magnet pulling companies out of the private market," although this depended on stock markets remaining stable, according to the report.

Blackstone shares were up more than 4% in recent Thursday premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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