Instead of a 2025 IPO boom, Blackstone sees more opportunity to take companies private

Blackstone CEO Steve Schwarzman with President Donald Trump

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• Trump's "unprecedented" tariff negotiations are slowing the economy, said Blackstone chief Steve Schwarzman.
• While M&A dealmaking will slow across the board, president Jon Gray sees the worst impact on IPOs.
• But Blackstone does see an opportunity to maybe buy more public companies as their values sink.

Instead of announcing the arrival of a dealmaking bonanza, Blackstone...