April 03, 2024 BY Elizabeth Anderson
Blackstone Aiming to Raise $300m Through the IGI Debut
Based on a Reuters report, this gemstone certification company aims for a valuation of about $1.5bn. In May 2023, Blackstone bought IGI for $570m from Fosun International Limited (0656.HK) and the Lorie family, who founded the company. Describing itself as the world leader in the grading and accreditation of gems, IGI operates mainly in India.…
Read more