Sona Comstar - an auto ancillary player has had a pretty decent run in the markets since it’s listing [up by 50% of it’s IPO price]. It’s IPO provided a great exit for Blackstone which diluted 50% of their total holdings in Sona Comstar - earning them a RoI of 8.8x.
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IPO #9 : Sona Comstar
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Sona Comstar - an auto ancillary player has had a pretty decent run in the markets since it’s listing [up by 50% of it’s IPO price]. It’s IPO provided a great exit for Blackstone which diluted 50% of their total holdings in Sona Comstar - earning them a RoI of 8.8x.