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Kohlberg Kravis Roberts may soon follow Blackstone Group in launching an intitial public offering, CNBC's Charlie Gasparino reported.
The buyout firm has hired Morgan Stanley [MS
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] 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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