全球投资巨头黑石集团（Blackstone）透露，在经历了数年的低迷后，其IPO（首次公开募股）和并购（M&A）活动正显著回升。公司CEO斯蒂芬·施瓦茨曼（Stephen Schwarzman）表示，黑石正在为未来几个季度的一系列公司进行IPO准备。总裁乔恩·格雷（Jon Gray）指出，公司信贷平台正在评估的潜在IPO交易数量较去年同期大幅增加，显示出市场积压的需求和活跃的交易管道。黑石第二季度的每股可分配收益和总收入均实现了双位数增长，这得益于IPO和并购活动作为其营收和费用的关键驱动力。公司预计下半年还将完成一项重大的保险公司出售交易。黑石高管对经济前景持乐观态度，认为利率下降、不确定性减少以及经济增长将共同推动并购和IPO市场的复苏。

📈 IPO与并购活动显著复苏：黑石集团CEO斯蒂芬·施瓦茨曼宣布，公司正积极为旗下多家公司准备IPO，并指出七月份西班牙博彩公司Cirsa的成功IPO是未来趋势的信号，表明市场活跃度正在提升。

💼 交易管道充盈，需求旺盛：黑石总裁乔恩·格雷透露，公司信贷平台评估的潜在IPO交易数量较2024年同期增长了50%，且其内部数据显示，IPO交易管道是自2021年以来最繁忙的，这反映出市场存在大量积压的交易需求。

💰 财务表现强劲增长：黑石第二季度每股可分配收益同比增长26%，上半年同比增长19%，总收入增长33%。这主要得益于IPO和并购活动带来的交易费用，即“净实现额”（Net realizations）在本季度增长了6%，接近3260亿美元。

🤝 战略交易加速进行：黑石首席财务官迈克尔·蔡（Michael Chae）表示，公司预计将在下半年完成对保险公司Resolution Life的出售，交易价值为82亿美元，这进一步印证了公司在资本事件上的活跃度。

🌟 经济环境利好市场复苏：黑石高管认为，当前经济环境正朝着有利于市场复苏的方向发展，包括利率可能下降、贸易政策不确定性减小以及经济持续增长，这些因素共同为重燃并购和IPO活动创造了有利条件。

Blackstone leaders said IPO and M&A activity are picking up after a yearslong dipSteve Schwarzman said the firm is preparing "a number of companies" for IPOs in the coming quarters.He pointed to the recent IPO of a portfolio company as an indicator of what's to come.

Blackstone reported that the trillion-dollar investment firm's Wall Street deal engine is revving back to life as it sees a pickup in initial public offerings and merger and acquisition transactions.

"We are preparing a number of other companies for public offerings over the coming quarters," Stephen Schwarzman, Blackstone's CEO, said during the company's second-quarter earnings call on Thursday, after pointing to the investment firm's July IPO of Cirsa, a gambling company in Spain.

Jon Gray, Blackstone's president, said that the company's $480 billion credit platform was evaluating 50% more potential IPO transactions than in 2024.

"There's just a lot of pent-up demand in the system," Gray said. "And then when we look at our proprietary data, we've got the busiest pipeline we've had since 2021 of potential IPOs."

Blackstone reported $1.21 of distributable earnings per share in the second quarter, a 26% increase from the same period a year prior, and $2.30 a share for the first half of the year, a 19% increase year over year. The firm posted $3.7 billion of revenue during the quarter, up 33% from the same period in 2024.

IPO and M&A activity is a key driver of Blackstone's financial performance, producing much of the fees that produce its revenue. Net realizations, investments that reach a capital event such as a sale or public offering and reap returns for Blackstone investors and fee income for the firm, were up 6% during the quarter to nearly $326 billion.

"More conducive capital markets, if sustained, should lead to the acceleration of realizations for Blackstone over time," Schwarzman said.

Michael Chae, Blackstone's CFO, stated that the firm expected to close the $8.2 billion sale of Resolution Life, an insurance firm in which it owns a 6% stake, in the second half of the year.

Gray and Schwarzman expressed an upbeat outlook on the economy, including that tariff uncertainties brought on by President Trump had given way to trade deals, inflation was muted, and interest rates would fall.

"The environment we see emerging of lower short-term interest rates, less uncertainty, and continued economic growth, combined with a pent-up desire to transact, is the right recipe to reignite M&A and IPO activity for Blackstone," Gray said.