Ge Long Hui A P P·2025-11-14 02:20Core Viewpoint - Blackstone Group's industrial company Copeland has secretly submitted an initial public offering (IPO) application, paving the way for a potential listing in the U.S. market in 2026 [1] Group 1: IPO Details - The number of shares and price range for the IPO have not yet been determined [1] - Morgan Stanley, Barclays, Goldman Sachs, and Jefferies are involved in the underwriting arrangements for the listing [1] Group 2: Acquisition Background - Blackstone acquired the majority stake in Emerson Electric's climate technology business in 2022, with the business valued at approximately $14 billion at the time of the transaction [1] - In 2023, Blackstone further acquired the remaining stake in Emerson for about $3.5 billion and rebranded the business as Copeland [1]