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KKR May Launch IPO Later This Year: CNBC's Gasparino

CNBC.com
Thursday, 21 Jun 2007 | 1:51 PM ET

Kohlberg Kravis Roberts may soon follow Blackstone Group in launching an intitial public offering, CNBC's Charlie Gasparino reported.

KKR Preps for IPO
Another major firm is readying plans to go public, with CNBC's Charlie Gasparino

The buyout firm has hired Morgan Stanley and Citigroup as possible underwriters for the IPO, Gasparino said.

“They’re leaning that way,” Gasparino reported Thursday. “Everybody is watching the Blackstone IPO. If this goes, you’ll see a bunch of other firms jump in.”

Blackstone Group plans to price its shares Thursday and trade Friday. The company plans to sell 133.3 million shares at $29 to $31 each and could raise as much as $4.14 billion in the deal.

Gasparino said KKR’s IPO could be launched later this year and that Apollo Management could follow.

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