Blackstone Group had a stellar debut on the New York Stock Exchange Friday: After pricing at $31 late Thursday, the stock opened up $5.45, or 17.6%, at $36.45. At the bell, Blackstone's shares closed at $35.06.
The successful offering marks the biggest U.S. IPO in five years, and could open the floodgates for other alternative investment funds to go public. But the private-equity boom is coming under growing fire in Washington, with Congress moving to increase taxes on hedge funds and private-equity firms.
CNBC followed the Blackstone IPO all day Friday. Here is a sampling of the coverage: