KKR plans $2.21B initial public offering

[March 12, 2010]  NEW YORK (AP) -- KKR, the parent of private equity firm Kohlberg Kravis Roberts, is planning a $2.21 billion U.S. initial public offering, according to a regulatory filing Friday.

KKR & Co. LP said in July 2007 that it would seek a U.S. public listing, but shelved those plans due to the financial crisis.

In July, Kohlberg Kravis Roberts and its European arm KKR Private Equity Investors announced plans to merge and said that they may seek a stock market listing on the New York Stock Exchange at some future date.

KKR says it will offer 204.9 million common units. It currently has 683 million outstanding units.

The company plans to be listed on the New York Stock Exchange under the "KKR" ticker.

[Associated Press]

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