KKR & Co (KKR) Files $1.25B IPO

July 5, 2007 10:25 AM EDT

On Tuesday, private equity firm KKR & Co (NYSE: KKR) filed a registration statement with the SEC for a proposed initial public offering of its common units representing limited partner interests in its partnership. The firm intends to apply to list its common units on the NYSE under the symbol "KKR".

The registration statement relates to an aggregate amount of $1.25 billion of common units.

KKR expects to complete the proposed offering during the third or fourth quarter of 2007.

Morgan Stanley & Co. Incorporated and Citigroup Global Markets Inc. are serving as underwriters for the proposed offering.

KKR is a leading global alternative asset manager that sponsors and manages funds that make investments in private equity, public equity, and debt transactions on behalf of third-party investors and
the firm through a variety of vehicles.

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