Tuesday, July 3, 2007

UPDATE 2-Buyout firm KKR files for $1.25 bln IPO

(Reuters) - The planned IPO follows last month's high-profile listing of
rival Blackstone Group LP , which raised $4.13 billion and
ushered in a new era for an industry that has come to dominate
financial markets worldwide by pursuing ever-larger takeovers and
raising record amounts of capital.




Unlike the Blackstone IPO, however, KKR's owners are not
selling any common units or receiving any net proceeds.


Read more at Reuters.com Mergers News

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