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Private equity firm KKR finally trading on NYSE

Private equity firm KKR finally trading on NYSE

Shares of KKR & Co., the parent of private equity firm Kohlberg Kravis Roberts, are finally trading on the New York Stock Exchange, three years after it initially sought the U.S. listing.
KKR & Co. LP filed to list its shares in the U.S. in July 2007, hoping to raise up to $1.25 billion, after competitor Blackstone Group LP raised $4.1 billion in an initial public offering. It shelved those plans because of the financial crisis.
The company said in a securities filing last week that it will register 204.9 million common units worth about $1.93 billion, and said it may later raise about $500 million in a share offering.
The stock, which opened at $10.50, is trading under the symbol "KKR." It's rising 10 cents to $10.60.


Updated : 2021-08-05 19:56 GMT+08:00