Blackstone Stock (BX) Tumbles as Ancestry.com IPO Rumors Surface - Here’s Why It Matters

Blackstone shares take an unexpected dive amid speculation about Ancestry.com's public market ambitions.

Wall Street Whiplash

The private equity giant's stock slipped nearly 3% in early trading as reports circulated about Ancestry.com preparing IPO paperwork. Blackstone acquired the genealogy platform back in 2020 for $4.7 billion—now potentially seeking public market validation.

Portfolio Pressure Points

Investors appear nervous about the timing and valuation expectations. With tech IPOs facing increased scrutiny, markets question whether Ancestry.com can command premium multiples amid current market conditions. The move signals Blackstone's continued strategy of rotating private assets into public markets—but execution remains everything.

Private Equity's Public Problem

Another day, another PE firm trying to cash out before the music stops. Because nothing says 'confidence' like rushing for the exits while telling everyone the party's just getting started.

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Insiders claim that an IPO for Ancestry.com could be valued at $10 billion. For comparison, Blackstone bought the company for $4.7 billion in 2020 from a collection of private investment firms. An IPO WOULD return Ancestry.com to the public market after 13 years under the ownership of various investment firms. The sale option would include Ancestry.com’s assets, though it’s still unclear exactly what this would mean or how much Blackstone would expect to get from such a deal.

Blackstone is incentivized to hold an IPO for Ancestry.com due to changing market conditions in the U.S. While the IPO market has been slow, largely due to high interest rates, the Federal Reserve has finally started cutting those rates again. Interest rates were slashed by a quarter point last week, but Chairman Jerome Powell has warned that further cuts might not happen due to inflation, which has remained above the Federal Reserve’s target since 2021.

Blackstone Stock Movement Today

Blackstone stock was down 0.75% in pre-market trading on Thursday, following a 3.69% drop yesterday. The shares have rallied 5.54% year-to-date and 16.04% over the past 12 months. Blackstone has achieved gains in 2025 despite ongoing economic issues, such as inflation, the trade war, and tariffs.

Is Blackstone Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus rating for Blackstone is Moderate Buy, based on nine Buy and seven Hold ratings over the past three months. With that comes an average BX stock price target of $186.87, representing a potential 4.94% upside for the shares.