Blackstone Explores $10B IPO or Sale for Ancestry.com

Blackstone Inc. (NYSE:BX) is one of the best American stocks to buy and hold for the next 3 years. On September 25, Reuters reported that Private equity firm Blackstone is currently exploring strategic options for Ancestry.com, the popular genealogy and DNA testing platform. These options include pursuing an Initial Public Offering/IPO or an outright sale of the company. Sources familiar with the matter, who requested anonymity, indicated that Blackstone has invited banks to submit proposals for an IPO, w ...