Blackstone Explores $10 Billion IPO or Sale for Ancestry.com
Private equity giant Blackstone Inc. (NYSE: BX) is exploring strategic options for Ancestry.com, the popular genealogy and DNA testing platform it owns. According to a Reuters report, the firm is considering either taking the company public through an Initial Public Offering (IPO) or pursuing an outright sale.
Sources familiar with the matter indicate that Blackstone has invited investment banks to pitch for a role in a potential public listing. An IPO could value the Lehi, Utah-based Ancestry.com at approximately $10 billion. These discussions are reported to be in the early stages, and all details remain subject to change.
While an IPO is one path forward, Blackstone is also evaluating a potential sale of the asset. The firm has not yet finalized its decision and may ultimately choose to retain ownership of Ancestry.com for a longer period. Both Blackstone and Ancestry.com have declined to comment on the reports.
Blackstone Inc. is a leading alternative asset management firm specializing in private equity, real estate, credit, and hedge fund solutions.
