KKR plans $7.5bn IPO

KKR said it would offer 204.9 million common units worth about $2.2bn, equivalent to 30 per cent of its overall share capital. KKR's principals will own the rest of the shares and will be able to maintain control over its managing partners as well as the board of the group.

The New York-listed shares in KKR would be exchanged on a one-for-one basis with those of its KKR Guernsey vehicle, which was created last year by the buyout group's merger with its Amsterdam-listed fund. KKR Guernsey will be dissolved and its shares delisted from Euronext Amsterdam.

The move follows rival Blackstone, who completed its listing at the top of the market in 2007.

 

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