Blackstone shares fell as AirTrunk Singapore REIT IPO was reportedly delayed

On Oct. 13, BX fell 3.5% midday after reports AirTrunk shelved its planned $1.5B Singapore REIT IPO until 2027, citing elevated rates and a tech selloff. The report said the S&P 500 fell 0.1%, the Dow 0.4%, and Nasdaq 0.2%, while BX underperformed peers; it cited UBS, TD Cowen and BofA target cuts and concerns about realizations ahead of Oct. 22 Q3 results.